TRENDING NEWS

POPULAR NEWS

How Should I Divide My Paycheck

Is there an app that can help me divide where my paycheck goes?

do you have excel? openoffice.org is free

Your paycheck each week is $500. if you want to save $2,000 in one year, how much should you set aside from?

If you don't get paid vacations, and you take two weeks off in a year, then you want to save $40 per week.

How do you give someone 1/3 of your paycheck?

take the total of your paycheck and divide it by 3 .. that amount is what you give her. you get the majority of it. and im from pa and i get paid bi-weekly i think it just depends on your job.

make sure you have proof that you gave her your money so it doesn't come back to bite you later.

What’s the best way to divide your money from a paycheck?

There’s no one right answer, but I recommend that you learn to live on 60% of your take-home pay. Of the remainder, 10% should go to charity, 10% to debt reduction, 10% to long-term savings/investment and 10% to short-term savings/emergency fund.If you manage to pay off your debts, add that 10% to short-term savings until you have built up a sufficient emergency fund for your family size, then add that 10% to your long-term investment savings.

How do you save when you live paycheck to paycheck?

First, determine if you are low income enough to get government benefits. If you are you can get food stamps, heat assistance, etc. You can go to low-income clinics for medical care.If you are not truly low income, sit down and make a budget. What are you really spending? Where can you cut costs?Shop at Aldi’s or some other lower cost grocery. Turn your heat down and wear a sweater. Give up the air conditioning - you won’t die. Don’t buy convenience food. Learn to cook and make real food at home. Eggs are cheap. So are canned beans. So is soup. You can make some really tasty food and have leftovers to boot.Cut your own hair or have a friend help you. Shop for clothes at the thrift store - there are amazing things there. Give up cable TV. Netflix is cheaper.Don’t overpay for a fancy phone. Buy the store brand of things. Ride-share with friends. Deliver pizzas on the weekends.The more you conserve and make your life simple, the more you will think to do. Be happy with less. You don’t need every new shiny thing that comes along. Learn to be content and you’ll always be happy with what you have and not unhappy with what you don’t have.

How do I figure out what 75% of my paycheck is??

Multiply your paycheck amount by 0.75.


OR

Multiply your paycheck amount by 3 then divide by 4.

Good app to divided my paycheck up based on percentages?

You could just do it yourself, no? Here's the general to start with, and then you tweak it to fit your lifestyle, and in some cases you'll tweak your lifestyle to fit the budget.

10% goes to long-term (retirement) savings.
15% goes to your debt repayment plan or your emergency fund.
35% goes to housing (rent, mortgage, bills, utilities, insurances, etc.).
15% goes to transportation (gas, insurance, repairs, bus).
25% goes to life (food, entertainment, clothing, gifts, travel, medical, wants, phone, internet, cable, other); divide this number by 4 to get the weekly amount you have to spend on this category so you can see what's more realistic to get by with.

How much would my biweekly paycheck be if I make 37,500 a year after taxes?

What are you claiming for federal & state deductions?

Addition: Sorry, I missed the "after taxes" part. If 37,500 is your net annual salary, then just divide by 26.

How do bi-weekly paychecks work?

If you're getting paid bi-weekly, you'll receive a paycheck every two weeks with a combined total of the hours for the first two weeks of the pay period (typically 80 hours for full time employees) and a combined total of the following two weeks in a pay period. This should not be confused however, with semi-monthly pay periods as this is slightly different in the way it is calculated and distributed. If an employer pays semi-monthly, the employee will get two checks that month regardless of how many weeks worked in a given month. So, if you get paid on the 15th and the 30th and the month has five weeks, you'll still only receive two paychecks, whereas the bi-weekly structure will give you two paychecks based on four weeks, with the fifth week of a month being paid with the first week of the next month. Or every two weeks. Keep in mind with the bi-weekly pay period that applying for loans or calculating income, it will be calculated at 4.33 because of the possibility of a fifth week in a given month. Therefore, bi-weekly paychecks are calculated at 4 weeks, and accommodating the extra week.

If I want to figure out what my tax rate is from my paycheck, how do I do it? Do I divide what is removed by my gross pay?

You need to define what you man by TAX RATE.Do you want to know what percentage of your paycheck is going to all taxes or just to federal taxes? - Yes, you can estimate that from a single paycheck. (It is always painful… federal, state, local social security, medicare all take a bite…)Do you want to know what the average federal tax rate is on all of your taxable income? You really need the full year-end tax calculation for that, but you can get a ballpark estimate if this job provides your only income.Do you want to know your marginal federal tax rate? (That is the top tax rate you pay based on your total taxable income and filing status, aka your tax bracket.) You can estimate that better from tax tables.An expanded answer for federal tax withholding:The federal income taxes withheld from your pay depends not only on your pay, but also on the information you gave your employer on your W-4, which includes your filing status and number of exemptions.Let’s say your W-4 is correct …The tax withheld from your paycheck is based on the assumption that whatever you were paid in this check represents the pay you will get every pay period (no ups and downs, no bonuses or other variations) and that you are paid on a regular basis (every week, two weeks, or month are the most common options). There is a set of tables based on filing status, pay period, W-4 exemptions and gross pay that tells your employer what to withhold.Traditionally the tables slightly over-withheld, but after the TCJA tax law passed, they were revised and are supposedly a better estimate now - hence the widely touted statement that you got more in your paycheck throughout 2018 and have a smaller refund at tax-time.

TRENDING NEWS