Paycheck Calculator This free, easy to use payroll calculator will calculate your take home pay. Supports hourly & salary income and multiple pay frequencies. Calculates Federal, FICA, Medicare and withholding taxes for all 50 states. Check out our new page Tax Changeto find out how federal or state tax changes affect your take home pay.
3 Ways to Work out Gross Pay
Explore this ArticleDetermining Hourly Gross PayDetermining Salaried Gross PayDetermining a Target Gross PayQuestions & AnswersRelated ArticlesReferences This article was co-authored by Jill Newman, CPA. Jill Newman is a Certified Public Accountant in Ohio, with over 20 years of accounting experience. She received her CPA from the Accountancy Board of Ohio in 1994.Your gross pay is your total monetary compensation for a given time period, prior to any deductions for taxes, insurance, retirement plans, and so on. While knowing your net pay (the amount you actually take home) is usually more relevant to your day-to-day life, there are reasons you may want to know your gross pay as well. Perhaps you want to see just how much the government takes out of your paycheck, or maybe you want to figure out a target gross pay that will give you the take-home amount you desire. Regardless of your reasoning, it only requires some simple calculations to work out your gross pay for a given time frame.
HELOC pros and cons
National RatesLoan TypeRateAprGet Free QuoteMortgageLoan.com - Where the lenders compete for You!HELOC pros and consFew major decisions are a slam dunk. If they were, life would be a lot less complicated. But most of the time, you need to weigh the pros and cons before making a choice. Getting a HELOC, or home equity line of credit, is a major financial decision. You need to decide whether to seek a loan in the first place, and whether a HELOC is the best choice among your options. Would a standard home equity loanbe better? A cash-out refinance? Or maybe just put it all on a credit card? To help you sort it through, here's a baker's dozen of the advantages and disadvantages of taking out a HELOC. First, the upsides:1. No closing costsIf your credit is good, you won't pay any closing costs to set up a HELOC. That means no application fee, and no closing or appraisal costs. You usually have to pay those with a standard home equity. 2. No fees for cash drawsCredit cards often charge a fee for taking a cash advance, and some checking accounts tack on check-writing fees. By contrast, you shouldn't have to pay a fee to draw funds from a HELOC. If a lender wants to charge a fee each time you take out money, that's a good sign to look elsewhere. 3. Low interest ratesHELOCs can offer some of the lowest interest rates around. Because they're secured by your home equity, their rates tend to be much lower than those on unsecured loans like credit cards or personal loans. As adjustable-rate loans, they can also give you a lower rate than you can get on a standard fixed-rate home equity loan, though their rate can fluctuate over time. All HELOCs are required by law to have a cap on the maximum the rate can increase over the life of the loan and many will have quarterly limits as well. 4. Converting to a fixed-rate productMany HELOCs have a provision that allow you to convert your adjustable-rate debt to a fixed-rate loan if you want to lock in a rate. This often happens automatically when you enter the repayment phase of the loan, but many HELOCs also allow you to convert your loan balance to a fixed-rate whenever you wish. 5. Pay it off when you likeYou should be able pay off the balance on your HELOC whenever you wish. Talk to a loan officer before you close the mortgage, and be certain that there are no fees for paying off your loan early. Be aware, though, that some HELOCs will charge a fee if you do not maintain a certain minimum balance or draw a certain minimum of funds per year. 6. Tax advantagesBecause it's a type of mortgage, the interest you pay on a HELOC or a standard home equity loan is tax-deductiblefor borrowers who itemize. A couple filing jointly can deduct the interest paid on up to $100,000 in home equity debt, while for single filers the maximum is $50,000. 7. You can use it as you wishUnlike many other types of loans, you don't have to justify your plans for the money with a HELOC. While most borrowers go into a HELOC with a certain plan for the money, once the line of credit is set up you can use the money as you wish, without having to get any changes approved by your lender. …and the downsidesWhile there's a lot to like about HELOCs, there are potential pitfalls to look out for as well. Most can be avoided with a little planning, but you definitely want to be aware of them going in. 8. The low-payment temptationA HELOC has a very attractive feature – during the draw, your minimum monthly payment need only cover your interest charges. You could have a $25,000 loan balance and be paying less than $80 a month. Over the long haul, however, if you make only the minimum payment, you'll never pay off any principal, and the loan will never go away. 9. Interest rates may riseBecause they're adjustable-rate loans, HELOCs can start out with very low rates. By contrast, fixed-rate loans are priced higher to account for the possibility that interest rates may rise down the road. But if interest rates rise down the road, adjustable-rates will follow, meaning you'd end up paying a higher rate than you started out with. Though rates have been stable in recent years, they can rise fairly quickly if inflation kicks in. If that starts to happen though, most HELOCs will give you the option of converting your loan balance to a fixed-rate loan. 10. Using your home as a piggy bankA HELOC can be a smart choice if you're borrowing for home improvements, launch a business or pay for an education. Those types of investments can pay dividends over time. But don't merely use your home as a piggy bank for immediate wants. A Hawaiian vacation may buy you some great memories, but your debt will stay with you until the last cent is repaid. 11. Payment shockThis is what can happen when your reach the end of your draw period and have to begin repaying your loan principal, instead of just covering the interest. All of a sudden, your monthly payments jump from a few dollars a month to hundreds. And it can be made a lot worse if you've succumbed to the temptation of gradually borrowing more than you originally planned, and if you haven't paid attention to the effect of rising interest rates. Many borrowers will opt to refinance into a new HELOC at the end of their draw period. That allows you to continue making only interest payments, but unless you start paying down your principal as well, you'll only be deferring the problem. 12. Beware hidden feesLenders make their money from the interest and annual fees on a HELOC. They lose money if you cancel or refinance a HELOC before the draw period ends. Many will therefore charge an early termination fee. Others may charge additional fees if you don't maintain a minimum loan balance or fail to borrow a certain amount each year. Before you take out the loan, check for hidden fees and make sure you know just when you can be charged additional fees and how much. 13. Losing home valueAnother risk is that your home may decrease in value, eroding the remaining equity that you have. This can particularly be a problem if you were counting on selling the house or refinancing to cover the loan. In some cases, you could even end up underwater on your home loans, owing more on your mortgage and HELOC combined than your home is worth – a situation that many found themselves in after the 2008 crash. This is the major reason not to borrow against more than 80 percent of your home's market value, so you have at least 20 percent equity remaining as a cushion. HELOCs have plenty of upside; but every homeowner's situation is different. As with any financial tool, you need to consider all the potential risks, as well as the rewards. A HELOC is a great option-just make sure it's the right one for you.
US Tax Calculator 2019/20
About the United States Tax Calculator 2019/20US Salary and Tax Calculator updated for 2019/20. The Salary Calculator takes into account all deductions including Marital Status, Marginal Tax rate and percentages, income tax calculations and thresholds, incremental allowances for dependants, age and disabilities iCalculator provides the most comprehensive free online US salary calculator with detailed breakdown and analysis of your salary including breakdwon ito hourly, daily, weekly, monthly and annual pay and tax rates. Simply enter your annual earning below and hit Submit to see a full Salary and Tax illustration for the United States. Use the advanced salary calculations to tweak your specific personal exemption and standard deductions. Please
Page not found
How to Work out Salary Increase Percentage
Explore this ArticleCalculating Your Salary Increase PercentageDetermining How Your Increase Relates to InflationArticle SummaryQuestions & AnswersRelated ArticlesReferences This article was co-authored by Jill Newman, CPA. Jill Newman is a Certified Public Accountant in Ohio, with over 20 years of accounting experience. She received her CPA from the Accountancy Board of Ohio in 1994.Salary increases can take on many forms. You may have gotten a raise or a promotion, or you may have accepted a new, higher-paying job entirely. Regardless of circumstance, you probably want to know how to calculate your pay raise as a specific percentage of your old rate. Since inflation rates and cost of living statistics are often expressed as percentages as well, calculating an increase as a percentage can help you compare the increase to other forces like inflation. Learning how to work out a salary increase percentage will also help you to compare your compensation against others in your field.
source : international currency ，Welcome to reprint and share。