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-   -   What would be my Bi-weekly net income on 50,000/yr? (https://www.askmehelpdesk.com/showthread.php?t=536697)

  • Dec 21, 2010, 03:38 PM
    Dlee22
    Bi-weekly net income that pays 50,000/yr in VA for a single person?
    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.
  • Dec 21, 2010, 09:07 PM
    Fr_Chuck

    What country do you live in ? If the US, is there state taxes, is there city taxes
  • Dec 26, 2010, 06:44 PM
    Just Looking

    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.

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