What Does a 9K Salary Mean?

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For some curious reason when we discuss the subject of money, the letter "K" has come to represent the word "thousand." K is a universal symbol for "thousand" when it is linked to a number in reference to a sum of money. Therefore, a 9K salary would be translated to mean a $9,000 salary.

Definition

  • The letter "K" stands for Kilo. It is an abbreviation for Kilogram, which is 1,000 grams. It also represents a quantity of 1,000 items or units. In monetary terms, K stands for $1,000, meaning 9K stands for $9,000.

Gross Pay

  • Salary is usually stated in terms of annual pay. That means earning a 9K salary would amount to a weekly gross paycheck of about $173, or monthly gross pay of $750.

Taxes

  • Someone with a 9K salary would get a break from Uncle Sam in the form of a $5,700 standard deduction. That means their taxable income would only be $3,300. A 9K salary would also put them in the lowest tax bracket, which is 10 percent. A 9K salary would require federal taxes of about $330 a year, or roughly $6.35 a week.

Low Salary

  • By any definition, a 9K salary is a low salary. In all likelihood, a person with a 9K salary is not able to live on his own and be self-sufficient. Someone earning a 9K salary will likely have to share living space and expenses with his spouse, his parents, other relatives or friends.

References

  • Photo Credit Jupiterimages/Photos.com/Getty Images
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