Net/gross question [Archive] - Beyond.ca - Car Forums

C_Dave45

01-17-2012, 06:52 PM

Originally posted by drtoohotty1
roughly 29-30 an hour after all the deductions should be about 1500 i think
Huh?? $30/hour x 40 hour work week = $1200. :confused:

$1500/week (net) works out to roughly $75,000/yr (net)
Say a 25% total tax ...roughly $2,000 a week gross is what would be needed. Maybe a little more.
Or $50+/hour.

heavyfuel

01-17-2012, 06:54 PM

Originally posted by drtoohotty1
roughly 29-30 an hour after all the deductions should be about 1500 i think

$30/hr x 40 hrs/wk = $1200, not a mathematician or anything, just curious as to how you came to that conclusion...

drtoohotty1

01-17-2012, 06:54 PM

blast! my reading=fail i was thinking 2 week period for some reason.....

heavyfuel

01-17-2012, 06:59 PM

Originally posted by C_Dave45

Huh?? $30/hour x 40 hour work week = $1200. :confused:

$1500/week (net) works out to roughly $75,000/yr (net)
Say a 25% total tax ...roughly $2,000 a week gross is what would be needed. Maybe a little more.
Or $50+/hour.

Sounds like it's trades or major schooling then, right?

lasimmon

01-17-2012, 07:14 PM

Originally posted by C_Dave45

Huh?? $30/hour x 40 hour work week = $1200. :confused:

$1500/week (net) works out to roughly $75,000/yr (net)
Say a 25% total tax ...roughly $2,000 a week gross is what would be needed. Maybe a little more.
Or $50+/hour.

$30/ hr is more like $62k a year. I dont know where you got 75 from

CanmoreOrLess

01-17-2012, 07:14 PM

Originally posted by heavyfuel

Sounds like it's trades or major schooling then, right?

Think mid to long term, do not be fooled by the sinking "years" of school theme. It goes by quickly. It takes time to be of value to another person willing to pay you good money. The reality is, if you are working for another you are underpaid. In the sense they are paying you only because they see more value in doing so. I worked for a smallish company that was billing the client at $85 and hour, I was making about third of that at the time and feeling a bit bitter about the job as I was surrounded by slackers.

If you are going to school, hard pressed to find a better paid job than waiter or bartender overall. Need to be at a decent place, per person billing of $30 or more.

Think mid to longterm, otherwise you end up like the guy we all know who took the quick way and is struggling day to day.

C_Dave45

01-17-2012, 07:32 PM

Originally posted by lasimmon

$30/ hr is more like $62k a year. I dont know where you got 75 from

Read my calculations again...slowly. I know you can figure it out. I didn't say $30/hour is 75K a year.
Try again.

(and btw...$30/hour is $60k a year..not 62.
50 weeks/year (two weeks holiday) x 40 hour weeks = 2,000 hours)

v2kai

01-17-2012, 07:32 PM

Originally posted by lasimmon

$30/ hr is more like $62k a year. I dont know where you got 75 from

he was referring to net. not gross

C_Dave45

01-17-2012, 07:36 PM

Originally posted by heavyfuel

Sounds like it's trades or major schooling then, right?

Explain please.

Here I'll say it again slowly....try to follow along.

What I said was:

$1500/week (net) works out to roughly $75,000/yr (net)
$1500/week x 50 weeks in a year (two weeks off) = $75,000/yr. NET.

Understand? :rolleyes:

mo_money2supe

01-17-2012, 08:02 PM

Originally posted by C_Dave45
and btw...$30/hour is $60k a year..not 62.
50 weeks/year (two weeks holiday) x 40 hour weeks = 2,000 hours

Ummm...the whole point of 2 (or more) weeks' holiday means you actually get paid for that period of time. So lasimmon was correct: $30/hr * 40hr/wk * 52wk/yr = $62k/yr.

If that's how your employer has explained it to you, then you're actually being screwed out of a few dollars/hr. Wait, aren't you self-employed? Are YOU the one screwing over the dollars to your employees (if applicable)?

EDIT: An alternative way of looking at it is for every hour you work, a percentage goes towards vacation time, which eventually adds up to the stated 2 (or more) weeks of vacation / yr.

TYMSMNY

01-17-2012, 08:06 PM

Originally posted by C_Dave45

Explain please.

Here I'll say it again slowly....try to follow along.

What I said was:

$1500/week x 50 weeks in a year (two weeks off) = $75,000/yr. NET.

Understand? :rolleyes:

SOOOO... going back to the OQ "Does anybody know how much you'd have to gross"...

$75,000 net = roughly $101,500 gross. 36% marginal tax rate.

Disoblige

01-17-2012, 08:12 PM

Answer was already answered in 3rd post :D

Originally posted by TYMSMNY
they should have an gross income of around $110,000? It really depends on what type of job because deductions and tax-write offs may come into play.

C_Dave45

01-17-2012, 08:30 PM

Originally posted by mo_money2supe

Ummm...the whole point of 2 (or more) weeks' holiday means you actually get paid for that period of time. So lasimmon was correct: $30/hr * 40hr/wk * 52wk/yr = $62k/yr.

If that's how your employer has explained it to you, then you're actually being screwed out of a few dollars/hr. Wait, aren't you self-employed? Are YOU the one screwing over the dollars to your employees (if applicable)?

EDIT: An alternative way of looking at it is for every hour you work, a percentage goes towards vacation time, which eventually adds up to the stated 2 (or more) weeks of vacation / yr.

Yeah, you're right there. Working construction all these years, we never get "paid time off". We get the "percentage" like you say. 4% gets added to your wage. And yes that is equivalent to two weeks. I just quickly think of taking those two weeks off, because we don't get paid for any time off. So I'm off on that and yes, Lasimmon is more accurate. My bad.

(The union credits our pension 2,000 hrs a year when working full time...hence where I get that figure from, forgetting about the 4%)

Originally posted by TYMSMNY

SOOOO... going back to the OQ "Does anybody know how much you'd have to gross"...

$75,000 net = roughly $101,500 gross. 36% marginal tax rate.

Which is almost exactly what I said...$50/hour would be required for a $1500/week net pay.

Maxt

01-17-2012, 08:37 PM

Originally posted by heavyfuel
And what types of jobs pay that kind of money?
A self employed trade could pull that down working 2 days a week.

sabad66

01-17-2012, 08:42 PM

Easy. 1500*52 = 78,000

Next, keep trying numbers in the following calculator until you get to 78k:
http://lsminsurance.ca/calculators/canada/income-tax

$106,121, final answer :D

What kind of jobs pay that well? Lots of options if you have a degree. Otherwise, not too many jobs (in Calgary) that pay 106k with no education.

Actually, just remembered that ALIS occinfo lets you search by salary range:
http://alis.alberta.ca/wageinfo/Content/RequestAction.asp?format=html&aspAction=GetWageHomePage&Page=Home

C_Dave45

01-17-2012, 08:44 PM

Originally posted by Maxt

A self employed trade could pull that down working 2 days a week.
LOL...yeah, I wish. And people still complain that my prices are too high. :devil:

heavyfuel

01-17-2012, 08:48 PM

Originally posted by Maxt

A self employed trade could pull that down working 2 days a week.

I'm already there dude... I rarely work a full 8 hr day or weekend and gross 6 digits... point is I'm stressed the fuck out and more and more I'm seeing that it's not worth the money, I can easily live on 1/2 or less of what I make, and I'd give it up in a heartbeat to just have a "normal" job and not have to worry about it. Problem is I won't settle for less than $6000, maybe $5000 net/month. Hence my question.

Maxt

01-17-2012, 08:50 PM

Originally posted by C_Dave45

LOL...yeah, I wish. And people still complain that my prices are too high. :devil:
What's your charge out rate?

baygirl

01-17-2012, 09:09 PM

All my ex has is his GED, yet he was clearing ~$4500/month on his summer salary working as a bobcat operator. His winter salary was lower (~$3800). Not bad for someone who dropped out of high school.

89coupe

01-17-2012, 09:37 PM

Orrr you could go to school, get a good education and make $110,000.00 in bonuses...LOL:rofl:

max_boost

01-17-2012, 09:41 PM

Whoa 89! So balling bro!:bigpimp:

lasimmon

01-17-2012, 09:42 PM

Originally posted by C_Dave45

Read my calculations again...slowly. I know you can figure it out. I didn't say $30/hour is 75K a year.
Try again.

(and btw...$30/hour is $60k a year..not 62.
50 weeks/year (two weeks holiday) x 40 hour weeks = 2,000 hours)

My bad! Long day at work today looking at too many numbers!

89coupe

01-17-2012, 09:46 PM

Originally posted by max_boost
Whoa 89! So balling bro!:bigpimp:

Meh, you should see this guy Benyl who lives down the street from me, now that guy is balling...LOL

C_Dave45

01-17-2012, 09:58 PM

Originally posted by lasimmon

My bad! Long day at work today looking at too many numbers!
S'alright....I missed some calculations too. ;)

Rat Fink

01-17-2012, 09:59 PM

Xtrema

01-17-2012, 11:25 PM

6 digit in IT isn't hard if you got a few years behind you. And if you are self employed, easy if you got enough billable hours.

max_boost

01-18-2012, 12:49 AM

Originally posted by 89coupe

Meh, you should see this guy Benyl who lives down the street from me, now that guy is balling...LOL Rage2 should just move to Aspen with the rest of you beyond ballers, 89, benyl, redline etc.

adamc

01-18-2012, 02:48 AM

Spend 5-6 years learning how to drill directionally and make $1400 a day.

:D

heavyfuel

01-18-2012, 09:42 AM

Originally posted by adamc
Spend 5-6 years learning how to drill directionally and make $1400 a day.

:D

On a good day I can easily make that in 1/2 that time without having to make a big fuckin deal about putting a hole in the ground lol

sputnik

01-18-2012, 10:03 AM

This thread quickly turned into a dick measuring contest.

heavyfuel

01-18-2012, 10:09 AM

Originally posted by sputnik
This thread quickly turned into a dick measuring contest.

I drive a truck so mine is smaller.

CorollaXRS

01-18-2012, 10:09 AM

become electrical engineering technologist can get you up to this range, or piping engineering technologist would do as well.

Kavy

01-18-2012, 10:40 AM

Originally posted by heavyfuel

On a good day I can easily make that in 1/2 that time without having to make a big fuckin deal about putting a hole in the ground lol

So you asked what jobs would pay $1500/week then comment that you can make $1400/day currently? If I was you I would stick to making the $1400/day instead.....

Am I the only one confused?

heavyfuel

01-18-2012, 10:52 AM

Originally posted by Kavy

So you asked what jobs would pay $1500/week then comment that you can make $1400/day currently? If I was you I would stick to making the $1400/day instead.....

Am I the only one confused?

To clarify, I'm a mess despite making this kind of money. I rarely ever go out because I can't interact with people proficiently unless they're a potential client, I can afford to travel but I get wicked anxiety about it, I can do pretty much whatever whenever and it just doesn't matter at all, I'm alone all the God damned time, the list goes on. I'm realizing that even with my financial stability and very minimal debt I'm not happy and it's time for change, problem is I don't do well with an employer, and I only have a grade 12. Likely not gonna find a $5000/net monthly job by the looks of things and the replies and info which I thank you all for.

arian_ma

01-18-2012, 11:13 AM

That's a long list of problems you've got there for making $1400/day. There must be a more suitable thread for you to post these types of problems in.

JfuckinC

01-18-2012, 11:24 AM

Originally posted by arian_ma
That's a long list of problems you've got there for making $1400/day. There must be a more suitable thread for you to post these types of problems in.

:rofl: no doubt hhaaaaaaahahaha

i wish i made bonuses of 110k :cry:

not everyone with an education gets that though haha, most work boring ass jobs and hate them.. or just dont even use their education.

heavyfuel

01-18-2012, 11:48 AM

Originally posted by arian_ma
That's a long list of problems you've got there for making $1400/day. There must be a more suitable thread for you to post these types of problems in.

All it means is that money isn't the answer. You're absolutely right-there are underlying issues. I'm addressing those as well. Costs me $100/session. Thank you for your concern.

msommers

01-18-2012, 11:57 AM

Effects of stress (http://www.google.ca/#sclient=psy-ab&hl=en&site=&source=hp&q=effects+of+stress&pbx=1&oq=effects+of+stress&aq=f&aqi=g4&aql=&gs_sm=e&gs_upl=2148l4397l0l4541l17l9l0l0l0l0l616l1920l3-2.0.2l4l0&bav=on.2,or.r_gc.r_pw.,cf.osb&fp=81bd736c106ba7d3&biw=1360&bih=713)

It sounds like you're financially stable. Are your spending habits out of control or do you have a strong savings plan/investments? If it's the latter, you have all the right reasons to switch your lifestyle choices because it is destroying you.

Everyone thinks they need stuff only to find out they want something different later or need more of it. Once you come to terms with not needing so much shit, life becomes a lot easier.

leftwing

01-18-2012, 02:47 PM

So you can make over 100k a year, and/or 1400 a day, and rarely work a full day/week and your stressed? May I ask what is it that you do? Sounds interesting. I don't think I would have any stress if I had that kind of financial stability. Good luck with your search.

max_boost

01-18-2012, 03:05 PM

Originally posted by heavyfuel

All it means is that money isn't the answer. You're absolutely right-there are underlying issues. I'm addressing those as well. Costs me $100/session. Thank you for your concern.

Hang in there bud. Like solving any problem, it's all about finding out what it is, breaking it down and taking steps to fix it.

We can all agree that money doesn't you happiness. What it does is buys you things that contribute to happiness. Any problem that money can solve is no problem at all.

:thumbsup:

heavyfuel

01-18-2012, 03:30 PM

Originally posted by leftwing
So you can make over 100k a year, and/or 1400 a day, and rarely work a full day/week and your stressed? May I ask what is it that you do? Sounds interesting. I don't think I would have any stress if I had that kind of financial stability. Good luck with your search.

Money is fuck all when you don't have many friends, and your age group peers are light years ahead and don't want any part of being around you. Plus what I do is pretty thankless for the most part, and I have to deal with (some) people that don't understand that services cost money, and not only am I in direct competition with multi million dollar companies, but skid row bottom feeding fucks that break every rule in the book too. Frustrating and taking a toll. And $1400/day is not a regular occurence, just to be clear.

JfuckinC

01-18-2012, 03:49 PM

What do you do?

themack89

01-18-2012, 03:51 PM

What kind of truck heavyfuel? Sounds like mobile crane territory to me, or fuel.

heavyfuel

01-18-2012, 03:51 PM

Originally posted by JfuckinC
What do you do?

I'm not a paid forum sponsor. Won't discuss details here, sorry.

ExtraSlow

01-18-2012, 03:57 PM

You know all the fine citizens of beyond are ready to help you with any problem you might have. Refer to the Arash Bogdah thread for more info. Or any thread started by mar.

leftwing

01-18-2012, 08:06 PM

Originally posted by heavyfuel

I'm not a paid forum sponsor. Won't discuss details here, sorry.

Correct me if I am wrong, but you do not have to be a paid forum sponsor to state what your career is. It's quite obvious you're not looking for referrals or trying to get business from this thread. I am just trying to understand your situation but it is hard when I cant picture what you do or how everything fits together.

heavyfuel

01-19-2012, 10:33 AM

Likely true, if it were indeed a career. Since I own the "company" I prefer not to run the risk of awakening the Beyond torches and pitchforks crew, plus I got most of the answers I was looking for. Cheers.

Khyron

01-19-2012, 01:08 PM

Reading this thread, high stress, crappy work, huge sporatic pay - he must be a headsman. Or a gigalo.

Sugarphreak

01-19-2012, 01:53 PM

...

heavyfuel

01-19-2012, 02:13 PM

Edit: f'n blackberry lol

89coupe

01-19-2012, 03:04 PM

Originally posted by max_boost
Rage2 should just move to Aspen with the rest of you beyond ballers, 89, benyl, redline etc.

Shit, Redline is on a whole nother level, that guy uses $100 bills as kindle, lol. Thinking about it, being plastic now he might have to switch to $20's...all the more kindle I guess...lol

nonofyobiz

01-21-2012, 10:43 AM

What do you mean by
and your age group peers are light years ahead and don't want any part of being around you. ???

So you have that many douche bag friends?
This is a strange thread, you're asking for help with your problem but it doesn't make sense because you're only hinting and what the problem is.

bart

01-21-2012, 07:46 PM

the quick rough formula is hourly x 2000 is a gross yearly, assuming standard work times

net is another story cause it depends how much you make per year, but rough idea is hourly x 1600 or in your head (hourly / 5 * 4) * 2000

Maxt

01-21-2012, 09:55 PM

^ Or if you are self employed, the taxes and deductions work out differently.

drewb

01-23-2012, 05:08 PM

CMW403

01-23-2012, 07:38 PM

Originally posted by nonofyobiz
What do you mean by ???

So you have that many douche bag friends?
This is a strange thread, you're asking for help with your problem but it doesn't make sense because you're only hinting and what the problem is.

Didn't you read his posts? He makes too much money and he's awkward socially because his friends are educated and he drive truck.:cry:

Originally posted by drewb

OP is looking for attention.

M.alex

01-25-2012, 02:36 AM

After reading this, OP:

http://troll.me/images/suckingcebs/hey-look-at-me-im-an-attention-whore.jpg

heavyfuel

01-25-2012, 09:20 AM

Originally posted by M.alex
After reading this, OP:

http://troll.me/images/suckingcebs/hey-look-at-me-im-an-attention-whore.jpg

:thumbsup: Hope this helps you get thru your day. Btw nobody put a gun to your head and made you read this.

JudasJimmy

02-09-2012, 07:58 PM

If you make that kind of money now (3-400k/yr), why not work your ass off for 5 yrs and retire? Sell your company, get some new friends and enjoy life. That's what i'd do.

cobra14

02-13-2012, 03:12 PM

that amount of money is available in other careers or jobs
Im recruiting for a company that gives you the potential to earn that amount of money

here is the ad
http://forums.beyond.ca/st/349212/lf-hard-working-motivated-individuals-interested-in-high-paying-sales-job/

pm me if your interested to hear more about it

Disoblige

02-13-2012, 03:23 PM

Originally posted by cobra14
that amount of money is available in other careers or jobs
Im recruiting for a company that gives you the potential to earn that amount of money

here is the ad
http://forums.beyond.ca/st/349212/lf-hard-working-motivated-individuals-interested-in-high-paying-sales-job/

pm me if your interested to hear more about it
Vivint Inc., a.k.a. APX Alarm pretty much just as pushy as your typical door-to-door salesmen such as Just Energy, Direct Energy, etc. but for Home Alarms.

FYI Beyond.

heavyfuel

02-14-2012, 08:48 AM

Originally posted by Disoblige

Vivint Inc., a.k.a. APX Alarm pretty much just as pushy as your typical door-to-door salesmen such as Just Energy, Direct Energy, etc. but for Home Alarms.

FYI Beyond.

That's what I need is a proficient relentless salesperson LOL

GQNammer

02-15-2012, 02:59 PM