marishtar t1_j7z2uxf wrote on February 10, 2023 at 12:56 PM

Reply to comment by [deleted] in Median New York rent passes $4,000 a month in January by geoxol

They said paycheck, not monthly pay. Effective tax rate for $150k is going to be 34.57%. One paycheck is going to be for every two weeks for most people.

$150,000 / 26 * .6543 = $3774.81

ZookeepergameEasy938 t1_j7zcl2q wrote on February 10, 2023 at 2:16 PM

slight adjustment - most people get paid twice a month so there are 24 pay periods in the year, not 26

marishtar t1_j7zemc5 wrote on February 10, 2023 at 2:31 PM

I had to double-check, but the plurality of workers (45.7%) get paid biweekly. 18% get paid semimonthly.

ZookeepergameEasy938 t1_j81eb9v wrote on February 10, 2023 at 10:24 PM

i stand corrected, good looks chief

bittoxic00 t1_j7zdw14 wrote on February 10, 2023 at 2:26 PM

Usually twice a month but those magical months when you get 3 checks