Your take home salary will vary depending on how many exemptions you can claim with the IRS. It also depends on what else is being taken out like uniforms or a 401K. The average take home pay would more than likely be around 47,000 dollars a year.
You should get this information from your employer payroll department as they will be the one that would know how much FICA, federal income tax, state income, local taxes, etc that they will have to withhold from your hourly pay or gross of 55000 for the year after every thing is withheld from your gross pay to equal your take home pay.
Gross of fees is the amount before any deductions are taken ie he made $500 gross however his net salary (take home) is $100 as he has so many salary deductions) The NB. One would not normally say Gross of fee simply gross
Gross Emoluments is not the same as Gross salary. Gross salary refers to the money the employee receives. Gross emoluments is the gross sum of all money the company spends on the employee, including training and taxes.
Your gross salary is your salary before the federal with-holding, state with-holding and social security taxes are deducted. once everything is deducted, that money that you get to take home is your net salary or net pay.
Go to netsalarycalculator.org and enter your gross salary. It will work out your net pay.
No ... Net pay is what you get to take home after taxes. Gross pay is your salary before taxes.
500
about 14-15000
Pay including all benefits is called a gross pay. However, after deductions carried, it may be termed as "NET" pay or 'take home salary'.
To calculate income from salary, add up your gross salary (before deductions) and subtract any taxes, insurance, or other deductions. This will give you your net income, which is the amount you actually take home.
a sum of money before any thing like taxes or insurances or pension funds are taken off, that is called ' gross salary" after all the deductions are taken off you have what is called "net salary" or take-home pay.
In almost all cases, this is your "total" (or gross) income, before taxes or other with-holdings. If you are paid hourly, this is your total hours worked x rate of pay. If you are on salary, it is your salary, rather than your actual take home pay.