Money Matters Scenarios

Married Couple 1 Gross Pay Net Pay Taxes FICA

Wife/$30,000-
Huband/$39,000 $69,000 $54,326 $9,395 $5,279
No Kids
(Arizona)
Married Couple 2 Gross Pay Net Pay Taxes FICA
Wife/$48,500-
Husband/$41,000 $89,500 $69,804 $12,849 $6,847
Two Kids
(California)
Single Man Gross Pay Net Pay Taxes FICA
$27/Hourly Rate $27/hr * 40
Six Kids = $26,177 $8,236 $4,296
Child Support $56,160
(Texas)
Single Woman Gross Pay Net Pay Taxes FICA
$10/Hourly Rate $10/hr * 40
One Kid = $17,705 $1,504 $1,591
(Mississippi) $20,800
High School Gross Pay Net Pay Taxes FICA
Student
$8/Hourly Rate $8/hr * 40 $11,284 $1,010 $1,018
No Kids =
(Georgia) $13,312