Help me figure out how much I make per day?

[sunlover13]

Ok, I'm trying to figure out how much I make take home pay per day. I'm a salary employee who works 40 hours per week, gets paid for holidays, etc, Monday thru Friday.

I'm just going to make up some numbers, but you get the idea.

Let's say I get paid twice a month, on the 15th & 30th of each month. I take home $1800 each paycheck, so $3600 per month. This is after taxes, 401K, insurance, etc.

3600 * 12 months = $43,200

Now, is where I am stuck. How many days do I count or do I just divide by 365? I don't think I want to divide by 365, only working days? How many?

I know other factors come into play like 401K, etc., but I'm not worried about that right now.

I'm trying to figure out how much I make per day after taxes compared to what I'd be paying in daycare.

TIA!

 

[sstanaford]

52 weeks in a year
work 5 days per week
52*5=260
43200/260=$166.15 per working day

I think that is what you are looking for.

 

[ksjayhawks]

Ok, I'm trying to figure out how much I make take home pay per day. I'm a salary employee who works 40 hours per week, gets paid for holidays, etc, Monday thru Friday.

I'm just going to make up some numbers, but you get the idea.

Let's say I get paid twice a month, on the 15th & 30th of each month. I take home $1800 each paycheck, so $3600 per month. This is after taxes, 401K, insurance, etc.

3600 * 12 months = $43,200

Now, is where I am stuck. How many days do I count or do I just divide by 365? I don't think I want to divide by 365, only working days? How many?

I know other factors come into play like 401K, etc., but I'm not worried about that right now.

I'm trying to figure out how much I make per day after taxes compared to what I'd be paying in daycare.

TIA!

An easy way--subtract 104 days (weekends) from 365 and you get 261 days.

Divide $43,200 by 261 and it comes out to $165.52 a day.
(This would account for any vacation, sick days, holidays as well as actual work days.)

 

[sunlover13]

Thank you both!

Sounds easy enough, but I couldn't see it.

 

[golfgal]

This isn't really what you "make" in a day though, this is what you "take home" each day.