First Post-Graduation Paycheck

Today my paycheck was direct-deposited into our main checking account.

Gross Pay: $2557.05

Net Pay: $1786.02

After a quick calculation, I realized that 30% of my pay was withheld!!

I specifically filled out a new W-4 to reflect that I’m married now and wanted 1 exemption, but it wasn’t updated in the system. I’m really irritated because I was doing this to get more cash now for our house. Fortunately it will be fixed before my next paycheck.

I find it very hard to guess how much to withhold. We’ll probably tweak with our W-4’s again. I want money now, but don’t want too large of a tax bill next April…


Tags: ,

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: