How to Calculate Salary After Taxes

Next Video:
Investing in Stocks for Kids....5

Calculate salary after taxes by determining your tax bracket and multiplying that number by your salary. The amount left over from that calculation is your salary after taxes. Determine the tax rate for a salary with help from an investment portfolio manager in this free video on taxes.

Part of the Video Series: Investing & Personal Finance Tips
Promoted By Zergnet


Video Transcript

OK, so how do you calculate your salary after taxes? First thing to know is roughly what your tax rate is, and then you can do the math. But your salary, let's just say for round figures, thousand dollars, and you're tax bracket is thirty percent. So what you would take is, well you know your thirty from a hundred is seventy percent, so you just multiply your thousand dollars by point seven zero, which would be seventy percent, you'll come out with seven hundred dollars, and that would be your salary after taxes were taken out. That's just a rough example. If you can find out exactly what your tax rate is, your tax bracket is, you can figure that out more precisely. But basically, you're just multiplying by what you would have left. Just take the percentage and it will give you your final answer.


Related Searches

Is DIY in your DNA? Become part of our maker community.
Submit Your Work!