Need some help - figuring money out.

bbro · 11-17-2010, 09:11 AM

I need some help. I am starting a new job on Monday (YAY), but I am trying to figure out the bills right now that all end up due at the end of the month. The problem is that now I get paid on Tues. And at the new job, I will get paid on the 15th and the end of the month.

I cannot for the life of me figure out what my first paycheck from them will be on Nov 30th. I have looked but all I can find are calculators that input your yearly salary and tell you what you get each pay period. Since this won't be a full pay period, they aren't helping.

I need to figure out what the final amount I will be getting for 56 hours (this includes the 2 paid holidays). Can anyone help me??

footfootfoot · 11-17-2010, 09:16 AM

Are you getting paid hourly or a set salary per year? e.g. $15/hr or 45K per year?

bbro · 11-17-2010, 09:24 AM

I am getting a set salary.

xoxoxoBruce · 11-17-2010, 09:56 AM

Divide the yearly salary by 2000, that should give you the approximate hourly rate, before taxes and shit.

Cloud · 11-17-2010, 09:58 AM

can you ask your payroll person for an estimate? Just say you are trying to figure out your budget

bbro · 11-17-2010, 10:10 AM

Quote:

Originally Posted by xoxoxoBruce

Divide the yearly salary by 2000, that should give you the approximate hourly rate, before taxes and shit.

Bruce - I already got that, but I was looking for after taxes. I am really cutting it close this month and need it to be closer to what I actually clear. Wait - why 2000?

Quote:

Originally Posted by Cloud

can you ask your payroll person for an estimate? Just say you are trying to figure out your budget

Cloud - I don't know who the payroll person is!!

classicman · 11-17-2010, 10:27 AM

52 weeks x 40 hrs a week = 2080 hrs a year.

tw · 11-17-2010, 12:41 PM

Quote:

Originally Posted by bbro

Bruce - I already got that, but I was looking for after taxes.

Annual salary divided by 2700. That provides a ballpark number of dollars per hour. Multiply that (two digit) dollar number by hours (56) to estimate a paycheck.

classicman · 11-17-2010, 02:18 PM

Quote:

Originally Posted by tw

Annual salary divided by 2700. That provides a ballpark number of dollars per hour. Multiply that (two digit) dollar number by hours (56) to estimate a paycheck.

Tried that and it wasn't even close to correct.

Clodfobble · 11-17-2010, 02:34 PM

Quote:

Originally Posted by tw

Annual salary divided by 2700. That provides a ballpark number of dollars per hour. Multiply that (two digit) dollar number by hours (56) to estimate a paycheck.

You work exactly 56 hours a week? Is that 8 hours a day 7 days a week, or 11.2 hours a day Monday through Friday?

Clodfobble · 11-17-2010, 02:36 PM

Quote:

Originally Posted by bbro

Bruce - I already got that, but I was looking for after taxes.

No one here will be able to tell you what it will be after taxes, because that will depend entirely on what you put on your W-9 form, number of dependents and all that, plus what your employer may or may not charge for their health insurance plan, etc. If you need that level of precision, just call the HR department of the new employer.

Gravdigr · 11-17-2010, 04:09 PM

Whatever it comes to, it won't be enough.

Happy Monkey · 11-17-2010, 04:19 PM

Quote:

Originally Posted by Clodfobble

You work exactly 56 hours a week? Is that 8 hours a day 7 days a week, or 11.2 hours a day Monday through Friday?

It was bbro's number, over the course of a partial two weeks.

monster · 11-17-2010, 04:53 PM

1. find out who the payroll person is
2. ask them.

monster · 11-17-2010, 04:54 PM

3. prepare a back-up plan in case there's a hitch with the new payroll

11-17-2010, 09:11 AM	#1
bbro Insert witty comment here Join Date: May 2004 Location: Raleigh, NC Posts: 2,182	Need some help - figuring money out. I need some help. I am starting a new job on Monday (YAY), but I am trying to figure out the bills right now that all end up due at the end of the month. The problem is that now I get paid on Tues. And at the new job, I will get paid on the 15th and the end of the month. I cannot for the life of me figure out what my first paycheck from them will be on Nov 30th. I have looked but all I can find are calculators that input your yearly salary and tell you what you get each pay period. Since this won't be a full pay period, they aren't helping. I need to figure out what the final amount I will be getting for 56 hours (this includes the 2 paid holidays). Can anyone help me??

11-17-2010, 09:16 AM	#2
footfootfoot To shreds, you say? Join Date: Aug 2004 Location: in the house and on the street-how many, many feet we meet! Posts: 18,449	Are you getting paid hourly or a set salary per year? e.g. $15/hr or 45K per year? __________________ The internet is a hateful stew of vomit you can never take completely seriously. - Her Fobs

11-17-2010, 09:56 AM	#4
xoxoxoBruce The future is unwritten Join Date: Oct 2002 Posts: 71,105	Divide the yearly salary by 2000, that should give you the approximate hourly rate, before taxes and shit. __________________ The descent of man ~ Nixon, Friedman, Reagan, Trump.

11-17-2010, 09:58 AM	#5
Cloud ... Join Date: Feb 2007 Posts: 8,360	can you ask your payroll person for an estimate? Just say you are trying to figure out your budget __________________ "Guard your honor. Let your reputation fall where it will. And outlive the bastards!"

11-17-2010, 10:27 AM	#7
classicman barely disguised asshole, keeper of all that is holy. Join Date: Nov 2007 Posts: 23,401	52 weeks x 40 hrs a week = 2080 hrs a year. __________________ "like strapping a pillow on a bull in a china shop" Bullitt

11-17-2010, 09:24 AM	#3
bbro Insert witty comment here Join Date: May 2004 Location: Raleigh, NC Posts: 2,182	I am getting a set salary.

11-17-2010, 04:09 PM	#12
Gravdigr The Un-Tuckian Join Date: Apr 2007 Location: South Central...KY that is Posts: 39,517	Whatever it comes to, it won't be enough. __________________ These statements have not been evaluated by the FDA, EPA, FBI, DEA, CDC, or FDIC. These statements are not intended to diagnose, cause, treat, cure, or prevent any disease. If you feel you have been harmed/offended by, or, disagree with any of the above statements or images, please feel free to fuck right off.

11-17-2010, 04:53 PM	#14
monster I hear them call the tide Join Date: Dec 2005 Location: Perpetual Chaos Posts: 30,852	1. find out who the payroll person is 2. ask them. __________________ The most difficult thing is the decision to act, the rest is merely tenacity Amelia Earhart

11-17-2010, 04:54 PM	#15
monster I hear them call the tide Join Date: Dec 2005 Location: Perpetual Chaos Posts: 30,852	3. prepare a back-up plan in case there's a hitch with the new payroll __________________ The most difficult thing is the decision to act, the rest is merely tenacity Amelia Earhart

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