Originally Posted by
Geardownflaps30
S5.
4th year FO.
Average monthly net = $2500
Low? Yes.
Why?
Max state & fed taxes deducted. Max 401(k) deduction (15% of gross). Medical insurance premium of $430/month for low deductible/no deductible legacy medical insurance. NEVER pick up open time, average 16 days off/month. Average monthly credit = 88-94 hrs.
Why are you maxing out your fed/state tax withholding? Are you getting a massive refund each year? If you are then every paycheck you are giving Uncle Sam an interest free loan. Reduce your withholding and give yourself that money each month.