Residency pay

[yaah]

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Is that $1000 yearly or just once? We get a good amount of $$ for meals, probably 700-800 a year.

 

[SLUsagar]

Is that $1000 yearly or just once? We get a good amount of $$ for meals, probably 700-800 a year.

only x 1...
but i just thought the "cell phone usage" deal was pretty funny. Nevertheless, i'm happy!

 

[cytoborg]

Just for the sake of continuing a residency salary theme for this thread, I have looked up the figures for Stanford and UCSF. Stanford pays around $43,000 plus $8,400 housing bonus, while UCSF pays around $43,000 plus about $4,000. No question, though, they are in expensive places.

Can't speak for the current Stanford info, but it's my understanding that UCSF path PGY1 pays $39K, with an extra $10K for housing (mostly from the path department and some from the university). There is also a one-time $2000 moving stipend that is added into the first paycheck.

I'm looking for places to live now and it seems do-able.

 

[b&ierstiefel]

Can't speak for the current Stanford info, but it's my understanding that UCSF path PGY1 pays $39K, with an extra $10K for housing (mostly from the path department and some from the university). There is also a one-time $2000 moving stipend that is added into the first paycheck.

I'm looking for places to live now and it seems do-able.

how is the rental market in SF? hopefully you don't have to fly out there too often just to secure a place.

 

[deschutes]

Andy, you have a place now?? Congratulations I missed that news!

I get $41,700 next year. How do I figure out how much taxes are going to be?

 

[b&ierstiefel]

Andy, you have a place now?? Congratulations I missed that news!

I get $41,700 next year. How do I figure out how much taxes are going to be?

It's all good. Indeed I bought a 2-br/1bath condo for $348K with $100K down. Everything is moving so quickly since the closing meeting is in May (1 month early) instead of June. The whole process can be a hassle at times since it requires coordinating and synchronizing the efforts of many people (seller, seller's agent, seller's attorney, your attorney, your agent, mortgage loan folks, and others whom I can't think of at this moment).

There's a link at the top of the page that PathProspect posted which calculates how much taxes will be taken out from your monthly paycheck.

http://www.paycheckcity.com/netpaycalc/netpaycalculator.asp

 

[deschutes]

The whole process can be a hassle at times since it requires coordinating and synchronizing the efforts of many people (seller, seller's agent, seller's attorney, your attorney, your agent, mortgage loan folks, and others whom I can't think of at this moment).

Parents? 🙂

There's a link at the top of the page that PathProspect posted which calculates how much taxes will be taken out from your monthly paycheck.

http://www.paycheckcity.com/netpaycalc/netpaycalculator.asp

Thanks. I would guesstimate it to be about a third... we'll see if I'm right.

 

[b&ierstiefel]

Parents? 🙂

I was talking about the third-parties excluding the buyer (which consists of me and my parents).

Thanks. I would guesstimate it to be about a third... we'll see if I'm right.

A third may be a bit too much. I don't even lose a third and I'll be in Taxachusetts.

 

[deschutes]

I put in the annual gross pay and ignored everything else since I didn't know what the heck they meant...

Your Pay Check Results

Annual Gross Pay $41,700.00

Federal Withholding $6,520.00
Social Security $2,585.40
Medicare $604.65
Minnesota $2,474.83

Net Pay $29,515.12

I take home 70% of gross.

(I see that it's the same ratio for Massachusetts.)

 

[b&ierstiefel]

you actually should get more than that. did you enter "1" next to # of federal allowances? for you, this number will be at least "1". The number goes up depending on other factors such as dependents.

you take home $30315.

 

[deschutes]

you actually should get more than that. did you enter "1" next to # of federal allowances? for you, this number will be at least "1". The number goes up depending on other factors such as dependents.

you take home $30315.

Really? Thanks. 🙂 I can tell this move is going to be quite the gongshow.