Living on a Budget, Saving Money/Pay

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Question
If I make $11 an hour what would be my gross salary for a two week pay out? Then what would be my net salary with Federal taxes 9% , State Taxes 2% and FICA 5%

Answer
Thank you for your question.

Your gross pay at an assumed 40 hours per week for two weeks would be $880.00.

Deduction - Federal 9%   ($79.20)
Deduction - State   2%   ($17.60)
Deduction - FICA    5%   ($44.00) ** Although most FICA withholding would be 7.65%

Net pay given percentages above:  $739.20

Thank you,
Meghan

Living on a Budget, Saving Money

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Meghan Cross

Expertise

I can answer questions related to financial management as it related to everything but specific-financial investments/trading. I also answer questions or help guide people to answering my questions to them, about how to explore their relationships with money.

Experience

I coach individuals in exploring their relationships with money and in reorganizing their financials to include income, debt, and their personal spending and savings plans. For eighteen years, as an accountant, I have worked with small and mid-sized business owners in their accounting and budget management processes.

Organizations
Center for Financial Social Work American Institute of Professional Bookkeepers

Education/Credentials
Certified Financial Social Work Educator/Coach Certified Bookkeeper Certified QuickBooks ProAdvisor

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