What is the correct process to determine your per annum take-home pay. It cant be as unproblematic as I presume.?
Answers:
A *salary* is the money you are remunerated per year - you know what it is going to be. If you are an HOURLY hand, working for wages, next you want to multiply out the number of yours you will work within a year - simple so far. However, the *deductions* are something you must find out almost from your Human Resources department. State, Federal, FICA, and any others, similar to investments, alliance dues - I am salaried and by CHOICE (on top of taxes, etc.) I help yourself to home 50% of what I earn, since I invest in my IRA and TSA. Made it easier for me to prefer to retire hasty this year - I will rob home to KEEP a greater portion of my lower annual retirement, than a smaller portion of my greater income. It's not what you net - it's what you take to KEEP. I enjoy colleagues who are *upside down* - they lose so much within taxes, that their income would allow them to KEEP more. One idiot even stayed until 63 - missed an entire year of SS benefits, lying on his allowance, plus get slammed beside earnings taxes. Learn to do MATH - it's YOUR money that you are letting slip away if you don't!
52 times your weekly take-home pay or 26 times you bi weekly remuneration or 12 times your monthly gross if you simply capture rate once a year you would know the answer!