resident finance question

[Commis]

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An annoyingly vague question, I know - please bear with the n00b -

At a monthly stipend of 4,000, what can I expect my actual monthly take home to be from the hospital?

 

[KING3]

If my math is correct around $2,800. Usually if you take 30% out of your yearly income and divide it by 12 it roughly gives you your take home amount.

 

[pgg]

If my math is correct around $2,800. Usually if you take 30% out of your yearly income and divide it by 12 it roughly gives you your take home amount.

Probably more than that - if $48K/year is your only income there's no way you're going to wind up with a 30% tax liability overall. Actually, you may pay close to NO taxes come April 15th, depending on circumstances.

 

[mamitch4]

There are also some other items you can choose to have deducted from your paycheck like heath insurance, 401K, etc that will also decrease you take-home.

 

[RangerD]

Mine's about $2,500 take home.

 

[cchoukal]

Let me google that for you again (this has come up before). Go online and google "paycheck calculator" and and pick any of a dozen free online calculators. These will allow you to select vArious combinations of exemptions, deductions, with-holdings, etc, and state of residency. The results will be much more accurate than the vague impressions of posters on this board who live in different states and have different circumstances than you. And it will take all of 30 seconds.

 

[Doctor4Life1769]

Mine's about $2,500 take home.

Likely before all the deductions...