Quit my current job or keep it????
16-Dec-2005, 11:13 AM
#21
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Join Date: May 2004
Location: Peel Region
Posts: 683
$27 versus $19 per hour isn't that much difference in the end after taxes. Keep in mind that the more you make the more you're taxed. Do some number crunching using a tax software program like Quicktax and compare the net outcome of the two salaries.
16-Dec-2005, 01:03 PM
#23
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Join Date: Mar 2004
Posts: 1,730
Originally posted by Si98
$27 versus $19 per hour isn't that much difference in the end after taxes. Keep in mind that the more you make the more you're taxed. Do some number crunching using a tax software program like Quicktax and compare the net outcome of the two salaries.
$27 versus $19 per hour isn't that much difference in the end after taxes. Keep in mind that the more you make the more you're taxed. Do some number crunching using a tax software program like Quicktax and compare the net outcome of the two salaries.
what is the job about though? if its mindless assembly or manufactring work, you may want to pass it up
16-Dec-2005, 01:16 PM
#24
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Join Date: Apr 2002
Location: Moon
Posts: 8,921
imo
i would think about all the bills you have to pay. and all the mouths you have to feed.
from my collection of you thru these boards I remember you saying you have a kid or two and are married own a new car and a new house.
IMO its a big risk to leave the current job for a 90 day trial.
i would think about all the bills you have to pay. and all the mouths you have to feed.
from my collection of you thru these boards I remember you saying you have a kid or two and are married own a new car and a new house.
IMO its a big risk to leave the current job for a 90 day trial.
16-Dec-2005, 01:45 PM
#25
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Join Date: Dec 2002
Location: Pickering
Posts: 3,984
Originally posted by Si98
$27 versus $19 per hour isn't that much difference in the end after taxes. Keep in mind that the more you make the more you're taxed. Do some number crunching using a tax software program like Quicktax and compare the net outcome of the two salaries.
$27 versus $19 per hour isn't that much difference in the end after taxes. Keep in mind that the more you make the more you're taxed. Do some number crunching using a tax software program like Quicktax and compare the net outcome of the two salaries.
$19 an hour is about $40K a year.
$27 an hour is about $56K a year.
Based on 40 Hours work week.
Your bi-weekly checks on $19/hr would be about $1000 after tax.
$27/hr would be around $1450 after taxes.
Same bracket, you'll see much more money.
19-Dec-2005, 01:58 AM
#27
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Join Date: Apr 2002
Location: in the MOSH pit
Posts: 5,550
Originally posted by Cablerat
Actually $27 over $19 will be a considerable amount even after taxes.
$19 an hour is about $40K a year.
$27 an hour is about $56K a year.
Based on 40 Hours work week.
Your bi-weekly checks on $19/hr would be about $1000 after tax.
$27/hr would be around $1450 after taxes.
Same bracket, you'll see much more money.
Actually $27 over $19 will be a considerable amount even after taxes.
$19 an hour is about $40K a year.
$27 an hour is about $56K a year.
Based on 40 Hours work week.
Your bi-weekly checks on $19/hr would be about $1000 after tax.
$27/hr would be around $1450 after taxes.
Same bracket, you'll see much more money.
$19/hr = $37,050 per year
$27/hr = $52,560 per year
$52,560 - 37,050 = $15,600 difference
assuming tax @ 33% rate ($5,148 in taxes)
you're looking at an annual increase of $10,452
19-Dec-2005, 02:48 AM
#28
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Join Date: Aug 2004
Posts: 6,753
It's always risky leaving a good job for another without a guarantee that you'll keep the new job without getting fired/laidoff because your lack of seniority.....how well do you know the managment of the company your thinking of swtiching to?
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