Financial calculators? Need help ---

Trying to budget salaries for a bid and need to figure out what before-tax income should be so various parties can bring home a certain amount per month.

Essentially, where can I calculate state and federal taxes - is there a site to plug in a take-home number and see the corresponding pre-tax salary? Will help me figure out how many people I could hire.

I'm new at this - any website links would be greatly appreciated...

Do you have a previous payroll that shows gross & net pay for the employees involved (or are there even employees yet??)

Don't forget the employer share of taxes. 7.65% for medicare/FICA and .8% of the first 7,000 in wages for each employee for FUTA. I'm not sure what state you're in, so I don't know what the rate or salary cap is.

PM me...

Is this your regular line of work, payroll/HR stuff?

contracts and grants administrator for years at Ohio State. Now I do financials and budgets.

Thanks for the compliment. :)

You don't need to worry about before tax income vs take home because everyone has a different withholding status. Typically, a mid-level manager/professional takes home about 70% of their gross. But this doesn't factor in insurance, etc and pre-tax vs post-tax deductions.

If you were offered a job, you don't look at the take home normally, you look at the annual salary. What you need to add to the annual salary are the employer payroll expenses for Medicaire/FICA/SUTA and any insurance premiums paid by the employer.

There's some good salary information by region and profession on Monster.com and Careerbuilder.com

Seriously, PM me if you want. I think this may be less complicated than you think.

:)