Got my first pay check! Trying to understand all the taxes on it….Are state taxes on my gross amount or do the federal taxes i pay get deducted first then state taxes on that amount?

like
Posting as :
works at
You are currently posting as works at

All on gross. Some of the other items (like SS, Medicare, etc) have caps or slight differences in what they consider gross (for example whether benefits are counted)

like

I think Medicare is not capped.

Related Posts

I just got a FAANG offer with 290k TC (8 YOE), so I am trying to rent out my place as I need to relocate, but I am not able to find someone to cover my full rent and I am depressed because I am so not investment savvy and I can NEVER EVER accept losing money in ANY SITUATION. Am I being insane?

likefunny

Is Deloitte allowed to use Robinhood? It's not a robo adviser and obviously you wouldn't invest in your clients. Or wealthfront?

like

I have savings of 5 lac INR and want to invest it somewhere. What should I choose?

like

Hi All. What is the best way to allocate 25 Lakh INR in savings into different investments to maximize returns. I recently moved out of India so Tax rebate is not a consideration for me. I already have 6 lakh plus invested in PF and MFs but I want to invest more as my money is getting depreciated in the savings bank account.

I also have an education loan with balance of 7 lakhs which I am planning to repay in lumpsum as there is no tax exemption now.

like

Clever ways to get cheaper housing? What's your hack to beat the system?

Married, 2 kids under 3 yrs. Apartment is too small, but we can't afford bigger. Do we rent a 2-story house and split it with another family? Do we stay in our small apartment and get creative with bunk beds and storage solutions?

How can a family, with kids, and one crappy income ($82,000) get a comfortable living situation here?

like

New to trading and investing in equity. Have $200k in equity and $20k in MUNI bonds. How do you plan to diversify?

How much do you keep in the bank vs brokerage?

like

Will be starting a new Job with Visa (credit card) in western Europe soon as Business Dev Director - I am worried about job security as I have family, mortgage .. how stable is the payments industry

like

Hey FB fam. I’m putting together Financial success resources. If you have any books, articles or podcasts in relation to personal investments or real estate you recommend, please feel free to share 🙃

like

In retrospect, what a wasted opportunity for whoever was posting as Q to not do some pump and dump stock move in late October.

likefunny

Question, if you pay off your house isn’t a 100k salary more than enough to sustain a good lifestyle? My goal has always been to payoff my mortgage then find a really easy analyst role to sustain my expenses. Assuming I’m a director/VP by the time my mortgage is paid off I’d probably be able to do an analyst 40hr week in like 10hrs. Esp at some of these low expectation companies. What do y’all think about this plan?

smartlike

What you prefer to tell when people ask your income?

I usually prefer in hand salary 😇
As CTC and in hand after tax deduction is too much different.😑

If i say i am earning 45 lakh people are like wow man so nice earning...

If i say i am earning 1.5 lakh per month
People are like baju wala builder bhi itna hi kma leta 😂

Par kaise btayein ise ki baju wala builder 12 lakh tax nhi bhrta par ham bhhrte hain 😥

#Tax payers ki khani unhi ke jubani

like

What is a simple way to explain to my boyfriend that investing in equity with an expected return of 10% is better than paying off debt that is growing at a rate of 6%. He has student loans and is adamant that he wants to pay all of them off immediately before saving any retirement money. I understand that many individuals use this strategy but I think investing in index funds for the long haul is better from a wealth accumulation perspective, without even factoring in tax implications of 401k

like

Target Date Fund or Index Fund investing for 23 y/o analyst? Which should I prioritize?

likehelpful
like

Hi ,
I have got sodexo card activated today. I found there is Meal Pass card, Meal benefit pass card and Cafeteria card

Which one we get money loaded ? Will that only usable in Bofa cafeteria!

like

Damn coinbase, I see you ;)

I have started working in ADP . How can we get or download payslips into our personal laptops.

More Posts

Any AUSA/DOJ trial attorneys here? What’s life like compared to big law?

like

Base salary for KPMG S3 in audit for MCOL, like orlando?

like
like

Why does it seem like writers have more empathy than art directors? They seem just a lot more caring.

like

Just got promoted to SC. How much bonus can I expect?

like

How is Fujitsu for SAP Functional having 8yrs exp, offering 25 fixed.

like

The thought of Attorneys talking down on Paralegals is sickening.

like

Hi, i am going to have final round soon and, yoe 16. Including 6 years onsite experience. AZURE big data architect. If i clear final round, how much I can ask (current is 34LPA). I have offers from LTI,TCS and few other companies (mid level). Need your input for my role growth at Tiger . Thanks

like

What is the salary range of b3 band in VMware for a operational role

Happy Valentine’s Day you lot.

Post Photo
likefunny

Anyone here 40s never married, no kids?

like

Damn. So much new found respect for Hannah Ann 🙌🏼

like

I’m loyal to delta, but I’m moving to a city where American is the main hub and Delta has practically no non-stop flights to/from there. It’s time for me to open a new credit card, so I was considering the Citi/American one. Any thoughts?

like

Hi All,

I'm searching for job with WFH 🏠. I have Java microservices experience of 5 yrs. Also the notice period is 3 months.

But I'm not able to find much opportunities. Please let me know if you know any companies or refer me in.

Thank you in advance!

Any recommendations (must sees / restaurants / bars) for Pittsburgh?

like

I was interviewed in Microsoft on 1st week of May for Program manager role & I thought I did really well in all 3 rounds however I haven't heard back from them since then. My recruiter is also not responding. Do I still have a chance?

like

If a hiring manager wants to talk to you again that’s a good sign right? I’m just bracing myself for this offer😅

like

When a recruiter tells you the salary range in the first interview, is that firm? Is there typically room to negotiate above this if you're chosen?

likefunny

How much would you expect a AD of forecasting at big pharma to make? Glassdoor says 161 average but that feels low to me.

like

Additional Posts in Compensation in Consulting

What is the TC for Manager and Director at A&M in CPI? See alot about PEPI & Rx being on the formula with high TC and bonus. Is CPI on same or different comp model? Looking at switching firms but don't have PEPI or Rx background.

like

Currently single with no major financial obligations (no debt, no car, etc.). I feel like I make decent money ($225k) but somehow can’t seem to save at all. Anyone else feel like this?

likefunnyuplifting

Those of you in industry post consulting, when you get a new internal job are signing bonuses a thing, or have you seen any version of this?

like

Does EY pays semi-monthly or bi-weekly?

like

Hi EY fishes. What is the high range of base salary M / SM level in Advisory / TAS? 170/220 sounds about right? Again, I am asking about the high range 90-95 percentile

like

Asking for a friend:
What is the salary range for a Financial Advisory experienced associate at PwC based out of NYC? No MBA but a MS. Considering a move from product to consulting.

like

BCG 🐠, How much salary I should ask for a consultant role? I am an experienced hire from big 4 with 6+ yrs exp.

likehelpful

Does McKinsey and BCG go for external hires for the “Principal” role (level below MD/Partner) Or is everyone home grown at this level.

like

If someone joins a company at a high level within the firm but at a relatively much lower salary than peers at that level....... Does that reflect poorly on the individual?

like

What’s a good Corp Dev headhunter? Looking to leave M&A strategy / PE DD type of work at manager level

like

Employment-at-will. Is that the norm in a consulting contract (I’m moving from Europe)? Can I / should I negotiate the notice period on their side or eventually the size of an eventual lay-off?

like

Comp level for a manager level in digital analytics field? Currently at a boutique firm so our title is a bit off - would be a later Sr consultant or manager level in bigger firm

like

Fish, how many years did it take after your MBA to double your pay (in consulting)?

like

Can partners at EY consulting buy as much equity as they desire?

like

I recently received a VP offer at AlixPartners, can someone at AP help me understand this new profit sharing/ longevity bonus they have? The HR rep was not very clear given how new it is. I presume it is additive to any annual bonus or 401k match, correct? How does it work? How long is the vesting period? Etc.

like

Would your salary be adjusted if you jumped from consulting to strategy?

like

Guidehouse - Senior Associate: Salary and bonus %???

like

Can someone inform me of the average salary for a Workday HCM Recruiting Functional Consultant - Sr. Associate @pwc

like

Do big firms (EY/KPMG/Accenture/etc) typically offer sign on bonuses for new consultants? (4 ishYOE)

Is it worth asking for?

like

Hello! Looking at an opportunity with established startup in UK that's just been acquired by a large co. I'm US based and my salary is around $250k (NYC) -I've been asked my expectation without the startup giving me a range to work from (though I've asked). I'm not sure how to reply to them because I have a feeling that my requirement may be out of their range and while I don't want to undercut my value, I also don't want to be cut out of the process because it's an interesting co. Any advice?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal