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Thread: question., i dont even know how to phrase this question

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    Veteran Member queenelayliah's Avatar
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    Default question., i dont even know how to phrase this question

    Hii you guys. So i have a quick question that i hope so,eone can help me out.
    So im not good at math at ALL. So my question/ scenario is this say I want to make a certaina mount of money AFTER TAXES how much do I really need to make?

    For example :

    Say I want to make $40,000 a year AFTER TAXES and I will save 30% taxes. 30% of $40k is 12k. So I would need to make $52k right but wouldnt i get taxed at the $52k i made? So 30% of $52k is $15,600. Leaving me with a income of $36,400. Leaving me $3,600 short of my 40k after taxes goal. So how much do I really need to make $40k after taxes?

    How do i figure this out? Anyone has a formula?
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    Default Re: question., i dont even know how to phrase this question

    Just divide 40K by .7 which gives you 57.14K . .7 is 1 minus .3 .

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  4. #3
    Veteran Member queenelayliah's Avatar
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    Default Re: question., i dont even know how to phrase this question

    Thanks ill give that a try. I also made a excel budget lie/chart thingy.
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