Is 120k A Year Good Reddit Take your mandatory 3 200 out of that and you re left with 2 600 Now because you have 2 600 left over per month that means you have 1 300 per paycheck to put between savings and spending Put 800 per paycheck into savings and that leaves you with 500 to spend every two weeks
So yeah the average US salary typically falls around 50 70k Making 120k 150k without college might seem unusual but it depends on various factors like industry experience and location It s not exactly normal in the broader sense but possibilities vary Reply reply For a rough estimate a 120K salary would give you 10 000 of gross income each month which would mean you re looking at a mortgage payment between 2 500 and 3 600 if you have no other debt With interest rates at 7 00 that translates to a mortgage of around 415 000
Is 120k A Year Good Reddit
Is 120k A Year Good Reddit
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Girl complains about how hard life is making 120k a year : r/CringetopiaRM
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when 120K a year is not enough, maybe its time to rethink your life decisions : r/Destiny
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An hourly wage will depend on how much you work throughout the year But based on the federal government s standard work year of 2 087 hours a 120K salary works out to 57 50 per hour Compared The average U S household income in 2022 was 105 555 while the median U S household income was 74 580 Adjusting for inflation median household income dropped 2 2 from 2021 to 2022
Roughly if you make a yearly salary of 120 000 you will need to pay between 19 2k to 28 8k in taxes Let s be conservative and estimate based on the higher taxes of 28 8k We are also going to assume that you get two weeks of paid vacation per year 120 000 28800 2080 43 an hour That means that after taxes you will have an First off high five on the paycheck There are a few retirement issues to deal with 401k issues At that income level you will probably fall into the Highly Compensated Employee category which means things get a little more complicated both for you and your employer Wikipedia link IRA issues As you already realized you make too much to directly open and contribute to a Roth IRA
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Everyone Thinks They Are Middle Class [OC] : r/dataisbeautiful
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If anyone is interested worth having a look at the free Reddit avatars which amazingly include an axolotl! : r/axolotls
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PK On this page is a 2023 salary percentile by age calculator with estimates for the United States Enter an age and pre tax gross salary in full year 2022 and we ll compare to wage income earned by other people that age Optionally you can plot the salary distribution curve for other ages using the pulldown menu This means that if you make 100 000 a year you should be able to afford 2 500 per month in rent Another rule of thumb is the 30 rule If you take 30 of 100 000 you will get 30 000 Divide
A 120 000 salary equates to 10 000 per month and 28 percent of 10 000 is 2 800 so that should be your cap on monthly housing expenses Bankrate s mortgage calculator shows that with a 20 Jobs that pay over 120K per year Here is a list of 26 different jobs you may want to consider that pay over 120K per year For the most up to date salary information from Indeed Salaries click on the salary link by each job title below 1 Tax manager National average salary 113 251 per year Primary duties Tax managers are responsible
Median Household Income (county and state levels - 2020) [OC] : r/dataisbeautiful
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WTF is EA doing with promos? 120k for a mertens sbc when hes worse than gold dybala is just sad. : r/fut
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Is 120k A Year Good Reddit - The average U S household income in 2022 was 105 555 while the median U S household income was 74 580 Adjusting for inflation median household income dropped 2 2 from 2021 to 2022