View Full Version : What would be my Bi-weekly net income on 50,000/yr?
 
 Dlee22
Dec 21, 2010, 03:38 PM
What it my net income I would get bi weekly after all the deductions? I am also single and do not claim anyone.  Thank you for your help! I would like to know how is work so I can budget my money appropriately.
 Fr_Chuck
Dec 21, 2010, 09:07 PM
What country do you live in ?  If the US,  is there state taxes,  is there city taxes
 Just Looking
Dec 26, 2010, 06:44 PM
Bi-weekly income..........................................$1 ,923.08
Social Security deduction ** ..............................$80.77
Medicare deduction......................................... ..$27.88
Federal withholding....................................... ...$311.75
(with no exemptions, you could claim one)
Virginia state tax w/h.......................................$106.54
 
Net pay............................................... .......$1,396.14
 
You may have other deductions that were not mentioned, such as health care.
 
**  The Social Security tax rate for 2011 has been lowered to 4.2% for the employee's portion.