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bugzzzz11 karma
For those wondering, after federal income tax and FICA, a 50k salary becomes 40k, meaning the 15% contribution from gross income becomes a 18.5% (7.5k/40k) contribution from net income.
bugzzzz1 karma
Using this cost of living estimator, monthly spend for a single person in Queens is about 12k/year + rent (which I'll run to 12k a year as well, a findable price if you've got roommates). That's 24k a year.
A 50k gross income in NYC becomes $36,850 post-tax, and $29350 after the 15% taken here. Looks like a solid $12k of flex.
If you're got a family and your own place, this is an entirely different story, of course. SF is also another story, with the kinds of rent prices there.
bugzzzz913 karma
What about woodworking appeals most to you? Do you woodwork with friends?
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