Q: Dear Cyber Dad,
How can I tell what my paycheck will be after taxes?
A: It's important to understand how income taxes work even before you get your first paycheck. When a company offers you a starting salary, you need to know how to calculate whether that salary will give you enough money after taxes to meet your financial goals and obligations. Fortunately, there are plenty of online calculators that have taken the dirty work out of determining your own payroll taxes, such as
Paycheck City. These calculators will show you your gross pay, how much goes to taxes and how much you'll be left with (also known as net, or take-home pay).
