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Situation A: You & two kids, living in NC, and you're making $46,000/year, and paying $600/month for health insurance for the family plan. (Use a
Situation A: You & two kids, living in NC, and you're making $46,000/year, and paying $600/month for health insurance for the family plan. (Use a state income tax rate of 4.99%.) | |
Your job income (salary) | $46,000 |
Pay Frequency | monthly |
File Status | Head of Household |
# Children under 17 | 2 |
# Other Dependents | 1 |
Other income (non-job) | $0 |
Pre-Tax Deductions | $7,200 |
Other Deductions | $0 |
Itemized Deductions | $0 |
Has 2nd, 3rd job income? | $0 |
State income tax rate | 4.99% |
City income tax rate | 0% |
Self-employed or contractor? | no |
Final Paycheck: | answer? |
Situation B: Identical to A except now you're legally married to someone earning $23,000 per year. | ||
Your job income (salary) | $69,000 | |
Pay Frequency | monthly | |
File Status | Filing Jointly | |
# Children under 17 | 2 | |
# Other Dependents | 2 | |
Other income (non-job) | $0 | |
Pre-Tax Deductions | $7,200 | |
Other Deductions | $0 | |
Itemized Deductions | $0 | |
Has 2nd, 3rd job income? | $0 | |
State income tax rate | 4.99% | |
City income tax rate | 0% | |
Self-employed or contractor? | no | |
Final Paycheck: | answer? |
Part C: So by marrying someone who makes $23,000 per year, which is less than $2,000 per month, and nothing else changes, how much (in $) did the household monthly take-home pay increase? What % increase is that?
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