Archive for November 2007

What would new take home pay be if someone contributes 10% to 401(k) ?

ironwood9 asked:


Say a person is paid every other week – their gross pay is $2,423.08 ($63,000/per year) per pay period, and their net pay after tax deductions is $1,880 – what would their new net pay be if they signed up to contribute 10% to their 401(k) ?