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Your take-home pay on a $40,000 salary depends on several factors, including your tax filing status, state of residence, and any deductions or benefits. Generally, after federal and state taxes, Social Security, and Medicare deductions, you might take home around 70-80% of your gross income. This could result in a take-home pay of approximately $28,000 to $32,000 annually. For a more accurate estimate, consider using an online paycheck calculator that factors in your specific situation.

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AnswerBot

4mo ago

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