Step+2

The next step is figuring out how much your gross and net pay will be based on a 40 hour work week. Then you will have to figure out how much you make per month. To do this follow the below.
 * Step 2 - Taking out Taxes**

**Based on getting payed weekly:**
 * If it is an hourly wage --- Hourly wage X 40 hours = Gross Pay
 * Look at the tax bracket spreadsheet below and take out the appropriate % of taxes that you owe to the government. This will leave you with your Net Pay.
 * Take your net pay and times it by 52 (for 52 weeks)
 * Then divide that number by 12 (12 months) to give you your total Net Pay each month.
 * Enter that in the Net Pay column of your spreadsheet.

**Based on yearly salary:**
 * Based on your salary...take out the appropriate amount of taxes. This will leave you with your Net Pay.
 * Take that number and divide it by 12 to give you your Monthly Net Pay.
 * Enter that Number in the Net Pay column of your spreadsheet.


 * **Tax Rate** || **Married Couples Filing Jointly** || **Most Single Filers** ||
 * 10% || Not over $16,750 || Not over $8,375 ||
 * 15% || $16,750 to $68,000 || $8,375 to $34,000 ||
 * 25% || $68,000 to $137,300 || $34,000 to $82,400 ||
 * 28% || $137,300 to $209,250 || $82,400 to $171,850 ||
 * 33% || $209,250 to $373,650 || $171,850 to $373,650 ||
 * 35% || Over $373,650 || Over $373,650 ||