bigpolar70 t1_jeaz0hb wrote on March 30, 2023 at 6:21 PM Reply to I make 42k and I work from home 4 out of 5 days a week. I signed a 60k offer onsite 23 miles there and back 45 min, 45 min back. Does this make any sense? by RemarkableCell1859 Mileage alone $0.655x23x2x4x52=$6,267.04 That's a third of your pay increase gone right there. If you ve your time at $20/hr, $20x1.5x4x52 =$6240, that's another third. So you are effectively getting an extra $6,000. But, you will pay income tax on all $18k. If you need a better car to make the daily commute work, it is probably not worth it. Permalink 0
bigpolar70 t1_jeaz0hb wrote
Reply to I make 42k and I work from home 4 out of 5 days a week. I signed a 60k offer onsite 23 miles there and back 45 min, 45 min back. Does this make any sense? by RemarkableCell1859
Mileage alone $0.655x23x2x4x52=$6,267.04
That's a third of your pay increase gone right there.
If you ve your time at $20/hr, $20x1.5x4x52 =$6240, that's another third.
So you are effectively getting an extra $6,000. But, you will pay income tax on all $18k.
If you need a better car to make the daily commute work, it is probably not worth it.