What would you like to do?
What is your monthly after-tax income if you make 150000 a year?
The amount one pays as income tax depends on their TAXABLE income. It is a percentage of that income. The exact percentage used depends on the level of that income. Taxable income depnds on many things: Earnings from employment for sure, earnings from other sources (investments, government payments, etc.), and even then certain items of each may be not included, or things you may not receive in cash may be included. For example - the contribution to a 401k is not taxable income, even though it is part of your salary. On the other hand, certain benefits you may receive, like employer paid life insurance, car allowances, even access to a cafeteria that has reduced prices because of an employer supporting it), may result in taxable income to you. Once the amount of taxable income is determined, then the deductions to that income are applied. For example, interest paid on the mortgage for your home, number of dependent children, number of other qualifying dependents, medical costs, certain expenses of making that income, state taxes paid, etc.). Hence, any 2 people, holding the exact same job at the exact same salary and benefits, may well have 2 entirely different tax amounts due. Once the amount of taxable income is determined, looking at the tax rate charts (made by filing status, for example single filer verses married filing jointly), for that income determines how much one actually must pay. I'll try and provide a link to a chart. And of course, how much you take home has many other things taken out other than Federal income taxes...State Tax, City, FICA, Worker Comp, Unemployment, medical contributions, retirement contributions, etc. etc.
Was this answer useful?
Thanks for the feedback!
Approximately 17 years. There are two possible ways to interpret this question. We could be asking for the number of average years (with an answer of approximately 17 years+4…0 days+15 hours as calculated below in the first answer, notes 3 and 4) or we could be asking about the number of actual years (and days) from a particular date as given by the second answer below (which gives an answer of exactly 17 years and 41 days for a specific date). Answer 1 17 yrs (+ 40 days + 18 hours) Solution Method: 1. There are an average of 365.25 days/year (365 days + 1 extra day every leap year (which occurs every 4 years) (i.e. 365 days + 1/4 average day/yr=365.25 average days/yr). 2. There are an average 8,766 hours/year (i.e. 365.25 average days/yr * 24 hrs/day) 3. 150,000 hours * 1 year / 8,766 hours = ~17.1 years Notes: 1. "~" means "approximately". 2. 150,000 hrs / 24 hrs/day = 6250 days 6250 days / 365.25 aver days/yr = ~17.1 yrs = 150,000 hours * 1 year / 8,766 hours = ~17.1 yrs (exactly the same answer--i.e. 17 yrs + 40 days + 18 hours). 3. A complete orbit of the earth around the Sun occurs every 365.256363 mean solar days. With this number we can determine Earth's orbit hours are: 365.256363 * 24 = 8766.152712 hrs/yr. Using this more accurate time means the most accurate answer is: 150,000 / 8766.152712 = 17.111269325101394605957898124283 = 17 yrs + 40 days + 15 hours + 24 minutes + ~14 seconds). 4. Using 86400.002 seconds/mean solar day and 8766.1529149202 hours/mean solar year (86400.002/3600), the answer is: 150,000/8766.1529149202 = 17.11126893 years (i.e. 17 yrs + 40 days + 15 hours + 24 minutes + ~1.5256 seconds). Answer 2 Unlike the first answer, we assume here that the question is about the number of actual years (and days) from a particular date. 150,000 hours = 24*6250 hours = 6250 days (exactly) since there are 24 hours in a day. This means that the number of years and days after 150,000 hours have elapsed relative to a particular time (year, month, day, hour, minute, second...) can be expressed exactly in a whole number of years and a whole number of days (there will be no additional hours, minutes or seconds if we ignore the leap seconds that are added to Universal Coordinated Time (UTC)). However, because of leap years, the exact answer will depend upon the start time. One can determine the exact number of years and days most easily using a Julian Day Number (JDN) calculator. For example: Start day: September 10, 2012 = JDN 2456180.5 Ending JDN = 2456180.5+6250 = JDN 2462430.5 JDN 2462430.5 = October 21, 2029 Thus there were 17 years between September 10, 2012 and September 10, 2029. Since September 10, 2029 = JDN 2462389.5, The difference between October 21, 2029 and September 10, 2029 = 2462430.5 - 2462389.5 = 41 days exactly. Thus the number of years and days exactly150,000 hours from (any time during) September 10, 2012, is 17 years and 41 days exactly (to the same time during the day if we ignore leap seconds).
Basically, if you make over $600 a year you must file...how much you pay is a different story...you'll likely pay nothing until you earn much closer to 12K a year. …Moreover, you'll probably get credits and money back if you do file, which is a reason to.
What is the maximum percentage of a borrower's income that can be used to make the monthly mortgage payment called?
Debt to income ratio
I think the ADA estimates average annual income around 140K. Some dentists who have been practicing for a while earn considerably more. New dentists can earn around 90-1…00K. Busy practices gross over 1 million a year, with about 50 or 60% overhead. So the practice owner takes home over 500K, before taxes.
To me net income refers to that amount you remain with after deduction of the mendatory expenses like taxes, medical contribution among others
84566 * 12 = 1014792
this is your FULL monthly income before tax withdrawal.
Avg total Corp income $21billion divided by 31,000 avg number of stores divided by 365 days equals about $1,800 per day.
To find your monthly income, you divide the amount you make a year by 12 months. In this case, $67000 is divided by 12, so you make approximately $5583 a month.
Yes. The federal threshhold for income to become taxable is less than $12K
If you mean the federal estate tax, the tax on $150,000 is $38,800. However, if the decedent was a citizen or resident of the U.S., the decedent has a credit of $780,800…, which is the tax on the first $2,000,000 in assets. (This applies through the remainder of 2008.) As such, there would be no out of pocket tax, because the credit is greater than the tax. (The credit is not refundable, so the government doesn't pay you any of it!) Remember that assets passing to a surviving spouse who is a U.S. citizen are not taxed. Some states impose estate taxes, as well.
that would be 12500,
In Mutual Funds
Monthly income plans, or MIPs, as they are more popularly known, are a category of mutual funds that invest mainly in debt instruments. Only about 10-20% of the assets are all…ocated to equity stocks. But the very name - monthly income plan - is a bit misleading, as these funds do not guarantee a monthly income. Like any other mutual fund, the returns of this fund are market-driven. Though many fund houses strive to declare a monthly dividend, they have no such obligation. The fund house may opt to skip a month without a dividend depending on the market performance. MIPs are launched with the objective of giving a monthly income to investors, but the periodicity depends upon the option chosen by the investor. These are generally monthly, quarterly, half-yearly and annual options. A growth option is also available, where the investors do not receive regular dividends, but gains in the form of capital appreciation. Suitability MIPs are suitable for conservative investors who want to earn marginally better returns than a debt-only portfolio. Conservative investors generally remain invested in fixed income instruments, but sometimes they need returns that are above the inflation by a few points. Obviously, equity exposure is the best way to provide this meaningful return over the inflation. A MIP typically invests bulk of its assets in debt, while a small equity exposure is maintained to earn something extra.