If you make $65,000 a year you need to keep in mind what the banks thought process when they are considering lending to you. The industry standard (pre housing bubble) was to only accept borrowers with front and back end debt ratios of 28/36. This means that only 28% of gross income should go to servicing housing costs with no more than 36% tied up servicing all debt. A good way to calculate the high end of what you can afford is to take your annual salary and multiply it by 3.5. In your case this means you should be able to afford a home valued at $227,000. Assuming you make a 20% down payment which is what you should be doing (or you will need to take out insurance at the banks request) this means you still will need to borrow $182,000. If you amortize over 25 years and lock in a fixed rate mortgage at 5% this means your monthly mortgage costs will be $1,058.53. With a salary of $65,000 a year this means you are getting $5416 a month before taxes meaning you will be using about 20% of your monthly income just on your mortgage. This puts you firmly under 28% but don`t forget to factor in property taxes (0.5 to 4% annually), home owners insurance, utlities and other expenses and you will quickly be challenging that 28% rule. Anyways, that should get you started so good luck.

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if you`re making 75k a year... i will shoot myself. I propose a better question: how do people this stupid make this much money? Do you know how many months are in a year? salary = annual pay. annual pay = 1 year. 1 year = 12 months. take your annual salaray (75k) and divide it by how many months are in one year (12). 75,000/12 = 6250 per month. blah blah blah taxes taken out, ur lookin at 25% blah blah blah 4600ish hits your bank account every month. i hate you.

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iwant to know that me and my husband were making about 25,000 per year and we got one child how much we getting return this year

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HOW MUCH TAX WILL I PAY IN BCFEDERAL ANDBC FOR A SALARY OF 75,OOO

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How much do I take home if I earn $75000.00 in Ontario Canada?

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i live in Canada alberta . what do i pay in child support payment if i make 74000

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You will be making a lot of repairs on the car probably. Good luck though.

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if i earn 55,000, how much do i clear/take home per week?

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You`re in the 33% tax bracket, BEFORE adjustments to your income. With enough itemized deductions you could lower your tax bracket quite a bit. Talk to a tax adviser for suggestions on how to improve your tax liability. Yeah, 30-35% is pretty accurate for TOTAL taxes. Having the kids does make it lower....without them you might be looking at 40% and it may also work. good luck

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