Expert: Ed McFarland - 12/30/2005

Question
How can I determine what my gross weekly, monthly or yearly salary should be in order to net $1,100 per week or $4,400 per month?

Also what should my dedcuctions be with this salary in mind in order to break even come tax time?

Thank you!

JDA

Answer
Without knowing some your unique deductions, the rule of thumb for figuring out what your gross needs to be is that 1/3 goes for taxes and other witholdings and you take home 2/3.

Again not know what state you are in or things such as mortgages and other deductions, you can toy with the IRS witholding calculator at http://www.irs.gov/individuals/article/0,,id=96196,00.html

Good luck