$60/hr * 2000 hr = $120K /year
After fed and state tax.
$120 * 0.6 = $72K
Put sep IRA $30K
you have $42K
apartment rental:
1.5K/mon * 12 = 18K
You will have $24K for your spending.
You will be OK.
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Health Insurance? 40% tax rate?
-duck_donald-
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07/08/2009 postreply
16:37:56
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fed + state. since he is a contractor, he might pay
-任我為-
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07/08/2009 postreply
16:43:07
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30K in IRA,太過分了吧!想做老不死啊?
-淘沙浪-
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07/08/2009 postreply
16:38:29
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self-employed can put more?
-duck_donald-
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07/08/2009 postreply
16:39:26
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contractor --> self employed. it helps reduce tax.
-任我為-
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07/08/2009 postreply
16:41:10
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