Can a McDonalds Manager raise a family ? (profit, owner, tax)
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According to a quick google search, General Managers at McD makes about $50,000. Odds are this person will have a spouse with a similar income. They won't be living a luxurious life. But, they'll live.
I used to volunteer as an income tax preparer for low income families (household below $50,000). There were plenty of families living on less. They weren't the type of family that goes on fancy vacation every summer though.
Keep in mind that certain government benefits kicks in once your income fall below a certain level.
Income at the manager (real manager, not "assistant manager") levels can be very good in major fast food, especially if the owner or corporation gives profit shares or bonuses.
It's easy to make fun of, but it was pointed out to me long ago that fast food is just about the only place a 25yo or so can be handed the keys to a $2-5M business.
I have a stepson who started as a pizza maker at a regional chain, and without college, now owns one of the most profitable stores in the chain.
Income at the manager (real manager, not "assistant manager") levels can be very good in major fast food, especially if the owner or corporation gives profit shares or bonuses.
It's easy to make fun of, but it was pointed out to me long ago that fast food is just about the only place a 25yo or so can be handed the keys to a $2-5M business.
I have a stepson who started as a pizza maker at a regional chain, and without college, now owns one of the most profitable stores in the chain.
I see
I probably meant Assistant Managers then I think
Those managers that supervise other McDonalds Cooks/Cashier etc.
Well I don't have any experience with McDonald's but my husband managed a Subway for over a decade. It's not great pay for the hours you have to put in, believe me! We were able to live on it (barely) but it was stressful. He was on call all the time, stayed late, had to cover shifts if people were sick or no showed, got crappy benefits (although that's ultimately up to each franchise owner).
He occasionally had assistant managers help him out but the turn over rate was high for them as well. All in all , fast food isn't the best choice for someone with a family (i.e. little kids and a spouse who stays at home) b/c it's rather demanding without giving much in return.
So "good" parenting is based on income. ??
Wow..
If the responsible wage earner is able to guide their young...remain true to some fundamental guidelines of food clothing shelter...
The profession is not equated to parental skills.
Where are you getting that? I don't see anyone saying that..
I think OP was asking if you'd be able to afford decent options for your kids on a McD's salary..
Last edited by Liar_Liar; 04-26-2019 at 07:39 AM..
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