$35k Annualy, X0.66(taxes) / 12 Months /4 Weeks /70 Hours = $6.85 An Hour After Tax? Is That Right?

$35k annualy, x0.66(taxes) / 12 months /4 weeks /70 hours = $6.85 an hour after tax? Is that right?

Seems like a low starting wage to me.

66% taxes?? Where do you live?

Well, normally when people talk about hourly wages, they're talking gross (before taxes). But even so, yeah, if you figure it out that way you're not going to be very impressed with your hourly pay.

66% taxes?? Where do you live?

The math is that if taxes is about 1/3 of your income, then you have 2/3 left.

So you're left with 66%, or 2/3 of your total income, or 66/100, as in 100% of your income.

Does that make sense?

Never seen anyone put it the other way around...lol You pay 33% in taxes.

$35k annualy, x0.66(taxes) / 12 months /4 weeks /70 hours = $6.85 an hour after tax? Is that right?

Seems like a low starting wage to me.

here is a thread where it gets broken down rather well. Unfairness of Pay by the Hour and The Fair Labor Act.

Hopefully this answers your thought process.

Stay safe

You could multiply your gross by .33 to estimate taxes, then subtract it from the gross to get net, but if you multiply gross by .66 you get the same answer in fewer calculations (actually it would be .67, but it's only an estimate).

Sorry, was replying to rv but forgot to quote.

$35k annualy, x0.66(taxes) / 12 months /4 weeks /70 hours = $6.85 an hour after tax? Is that right?

Seems like a low starting wage to me.

Name another career with enough upside that STARTS at 35k per year with less physical labor. Yeah you are working more hours but you are also on the big road 70% or more of that time doing nothing more than holding the steering wheel and enjoying the view.

Oh and your calculations are off. In real life you do 70 hours in 8 days so you are adding over 500 hours to your year. so here goes.....

35k * .66= 23100 / 12 Months = 1925 / 3.8 weeks per month = 507.37 / 70 hours per 8 day week= 7.24 per hour.

365 days / 8 day weeks = 45.625 weeks 45.625 weeks / 12 months = 3.8 weeks per month.

The other thing is that you will NEVER work all possible hours every week so that makes the hourly pay jump up even more than using the correct math. This includes home time, vacation, illness and anything else that gives you time off from driving.

This is a starting salary, if you can not live with that then good luck to you. This is half what an average family makes with both parents working so it is not out of line. If you expect to start at the top of the ladder, you better make one yourself.

Say for instance you show up to get unloaded and it takes them 1.5 hours to get you into a dock. Then 1 hour to get started and another 2 hours to complete. You have just spent 4.5 hours waiting to get unloaded but technically this comes out of part of your 70 hours but you did nothing but swing open some doors and back into a dock. So if you add in all the waiting and hometime, etc. you are making closer to $15 - $20 an hour actually doing any work.

Nruck H. asks?

$35k annualy, x0.66(taxes) / 12 months /4 weeks /70 hours = $6.85 an hour after tax? Is that right?

Seems like a low starting wage to me.

Where did you come up with 35k? That is likely a "first year" compensation figure. Due to training duration and the steep learning curve, during the first year of experience, an entry level driver's income potential is lower than what you can expect year 2-5. Try to think of the first year as a paid apprenticeship.