I got a J.O.B. Today

[Strike For The South]

HEB 7.75 an hr. Awesome. Orgahs post job related stories and stroke my ego....Achtung Does this mean I can bitch about the captilist pig dogs now?

[Rodion Romanovich]

Yes you can. Remember that an organization is like a tree full of monkeys. Those who look down only see smiling faces, while those who look up only see ********

[Somebody Else]

I get paid to get drunk and occasionally play with automatic rifles. And it's part-time too!

[Big_John]

i get paid to go to school. but it still kinda sucks.

[KukriKhan]

HEB 7.75 an hr. Awesome. Orgahs post job related stories and stroke my ego....Achtung Does this mean I can bitch about the captilist pig dogs now?

Not 'til you get your first paycheck, looking for $7.75 per hour x the hours you worked, only to find you're taking home about $6.50 per hour worked, after taxes.

(maybe I shouldn't have spoiled the fun)

Congrats, and welcome to the world

p.s. Kind of a funny name for a grocery store "H.E. Butt Grocery Company", until you realize it's a guy's name. So; can we nick-name you "cartman" now, since you'll be chasing down carts in the parking lot? #2 son did that work for 2 years, and we teased him all the time. I myself worked evenings and weekends at a Mom-and-Pop grocery store through high school.

[Strike For The South]

Not 'til you get your first paycheck, looking for $7.75 per hour x the hours you worked, only to find you're taking home about $6.50 per hour worked, after taxes.

(maybe I shouldn't have spoiled the fun)

Congrats, and welcome to the world

Ah 7.75 is still really really good for a 16 year whippersnapper. Im excited thanks

Ill be checking bagging and getting carts. Hopefully in scholl Ill put in 20-25 hrs a week.

[Vuk]

What the heck is this whole thread about!?

[Papewaio]

What are the taxes like?

Here the first 6k is tax free (worked out on a per week basis)... a third of my pay disappears back to the government... apparently it pays for schools, uni's, police, firemen, nurses and something called a defence force...oh and roads.

[Strike For The South]

What are the taxes like?

Here the first 6k is tax free (worked out on a per week basis)... a third of my pay disappears back to the government... apparently it pays for schools, uni's, police, firemen, nurses and something called a defence force...oh and roads.

I dont beleive I get any due to the fact that Im a student and Ill be making under X amount of monies.

[Papewaio]

Good, just remember that your studies are an investment and will pay off far more in the long term.

So make once you cover your monetary needs, do all your study before doing extra work time to cover short term wants... investments/study funds are a different matter.

[Strike For The South]

Good, just remember that your studies are an investment and will pay off far more in the long term.

So make once you cover your monetary needs, do all your study before doing extra work time to cover short term wants... investments/study funds are a different matter.

[Ice]

I dont beleive I get any due to the fact that Im a student and Ill be making under X amount of monies.

You have to pay taxes strike, just not federal income tax. You will lose about a third of your paycheck, I believe.

[Strike For The South]

You have to pay taxes strike, just not federal income tax. You will lose about a third of your paycheck, I believe.

not in Texas

[Ice]

not in Texas

That's a bit interesting.

[Strike For The South]

That's a bit interesting.

I dont really think its that intresting losing a thrid of your paycheck is ridiculous

[Papewaio]

I dont really think its that intresting losing a thrid of your paycheck is ridiculous

Hehehehehe

"Why do you hate firemen?"

[Strike For The South]

Hehehehehe

"Why do you hate firemen?"

I dont hate firemen I want to do that when I grow up

[Papewaio]

Who pays firemens wages?

[Strike For The South]

Who pays firemens wages?

Ohhhhhhhhhhh We Do!!!!!!!!!!!!!!!!!1 Do I get a choclate

[KukriKhan]

Typical Texas income witholdings: here It usually amounts to 15-20% of gross wages. Our Striker is a young, single lad, w/0 dependents, so his weekly witholdings will be kinda high (probably near 20%), BUT he'll likely get most of his Fed Income Tax paid refunded, due to his low annual income.

[Husar]

Hehehehehe

"Why do you hate firemen?"

Texas is a desert, as long as the statement "Burning Sands" doesn't come true, they don't need that many firemen.

[Beren Son Of Barahi]

20%!!? thats really low, i think i loose somewhere between 43% and 48% of my gross income per year depending on how mush i work (contractor)... but look on the bright side i guess, i get to pay for goverenment funded roads twice... once with taxes and then everytime i use it...

best advice i can give you is set up 2 bank accounts and split your pay, that way you can live of one and save the other, even if you only split the money 80/20 but aim for 65/35 if you can. it will give you a great start in the life race.

35% of $7.5 = 2.625
2.625 x 20hrs a week= $52.50
52.50 x 52 weeks = $2730 a year saved.

[Hosakawa Tito]

Payroll taxes are a given. State Income taxes, Federal Income Taxes, Social Security Tax, Medicaid Tax, probably in the neighborhood of the 30% Kukri mentioned. When you file a tax return next year, at your probable income level, you'll get most of it back. Death and taxes, get used to it.

I would kindly suggest that you get into the habit of paying yourself first. Even if you only start out saving $20 a week, it will add up over time and you'll not even miss it after awhile. We all tend to adjust our lifestyle and spending habits to what we take home each payday, learning to save and invest a portion of your wages is an important life skill. You could use it for college or trade school, to buy a car or whatever. Don't put it off, compounding interest over time at your young age can really add up.

[KukriKhan]

Fine advice, from guys who obviously know. The 'magic' of compound interest takes awhile to bear fruit, but starting a tiny savings vehicle at 16... by age 25, you'll be sitting nicely.

Welcome to The Backroom Beren Son Of Barahi; fine opening post.

Ladies and Gentlemen, may I introduce: Beren Son Of Barahi, lately of the Citadel.

[Strike For The South]

Typical Texas income witholdings: here It usually amounts to 15-20% of gross wages. Our Striker is a young, single lad, w/0 dependents, so his weekly witholdings will be kinda high (probably near 20%), BUT he'll likely get most of his Fed Income Tax paid refunded, due to his low annual income.

Wow thanks!

[Caius]

Who pays firemens wages?

Here noting or noone.They are volunteers.

[Papewaio]

20%!!? thats really low, i think i loose somewhere between 43% and 48% of my gross income per year depending on how mush i work (contractor)... but look on the bright side i guess, i get to pay for goverenment funded roads twice... once with taxes and then everytime i use it...

Ah the sheer joy of Sydney's motorways, while Perth with a lesser per capita population has no toll ways. Normally roads are more cost efficient to build up in built up areas... not many country towns have all sealed roads... except in Sydney were motorways are common as ex-politicians joining the companies that create the same motorways... Carr what a

[BDC]

What annoys me about taxes is that a billionaire who cashes in his company he owns for billions will pay either 10% or 0% tax (depending on whether he goes off shore or not), whereas the average person pays a far far higher percentage.

[naut]

On the topic of part time jobs, how does $40 an hour sound?

...oh and roads.

Up until know I would say Bob Carr's pockets too Papewaio. Damn 49% plus a base tax on top of that (if you a rich 'man born outside wedlock' that is), and its still damn hefty if your not too.

Ah the sheer joy of Sydney's motorways, while Perth with a lesser per capita population has no toll ways. Normally roads are more cost efficient to build up in built up areas... not many country towns have all sealed roads... except in Sydney were motorways are common as ex-politicians joining the companies that create the same motorways... Carr what a

What really gets my goat is that we (NSW's humble folk) have to subsidise for the rest of those ungrateful GAHs, while our roads remain the worst in the nation, etc (can't be bothered to go into further detail...); even though we contribute most of the revenue, economy, workforce and we have the largest population.

[Louis VI the Fat]

20%!!? thats really low, i think i loose somewhere between 43% and 48% of my gross income per year depending on how mush i work (contractor)... but look on the bright side i guess, i get to pay for goverenment funded roads twice... once with taxes and then everytime i use it...

best advice i can give you is set up 2 bank accounts and split your pay, that way you can live of one and save the other, even if you only split the money 80/20 but aim for 65/35 if you can. it will give you a great start in the life race.

35% of $7.5 = 2.625
2.625 x 20hrs a week= $52.50
52.50 x 52 weeks = $2730 a year saved.

What are you doing? You're putting all sorts of funny ideas into the impressionable mind of this fine young lad.

Pay no heed to any of it, Strike!!

Instead, learn the fine art of always living well above your means. This way, you'll project success at all times, which means that over time you'll get better jobs and chicks - for nothing attracts success like success itself. Forget compound interest - nothing beats the mechanism of compound success.

Funky jobs don't go to boy-scouts who spend their college years as a reclusive nerd in their dorm; they go to people who blasted away their student allowance to go trekking in the Himalayas.