Salary/Income tax question: Please help! (home, public school, calculator)

[clcfball11]

I have accepted a teaching job in NC and will be moving there very shortly from Illinois.

Because my official transcripts have not yet arrived at the school, I can't discuss particulars with them yet, but I am all but officially accepted as an employee.

I was wondering if anyone can be of assistance in terms of "take-home" pay every 2 weeks.

This link provides information regarding salary for public school teachers in NC:

http://www.ncpublicschools.org/docs/...1schedules.pdf


Let's say I'm in the first tier (30k a year, monthly installments of $2,535), what do you think I'll actually be taking home after taxes? This is important information for me as I search for housing, which I've already found to be a struggle.

ANY help or input would be appreciated. I've heard people estimate I'll only keep 66% of that money; others say its less stingy than here in Illinois.

[LRoyal10900]

If you're getting a teaching job, you'll be paid on the last business day of the month. Teachers & most other state employees are paid monthly.

Are you opting to have your payments paid over 12 months, because as a teacher, you'll be a 10-month employee. You can get paid for just those 12 months, or you can have them spread out over 12---getting paid slightly less each month, but you'll at least have a paycheck during the summer.

You'll probably bring home somewhere around $1775--you can usually count on a deduction of about 30% for taxes, etc.

[RedZin]

Originally Posted by LRoyal10900

If you're getting a teaching job, you'll be paid on the last business day of the month. Teachers & most other state employees are paid monthly.

Are you opting to have your payments paid over 12 months, because as a teacher, you'll be a 10-month employee. You can get paid for just those 12 months, or you can have them spread out over 12---getting paid slightly less each month, but you'll at least have a paycheck during the summer.

You'll probably bring home somewhere around $1775--you can usually count on a deduction of about 30% for taxes, etc.

I agree. I was a 1st tier teacher back in 2001-2003. I took home 1500 after taxes, but my wages were lower (27500 per year).

It pretty much sucks.

I hope you have someone else helping you pay bills because you're gonna be BROKE.

[zthatzmanz28]

MONTHLY...starting teacher? Grossing around $30K? (OUCH!!) Take home around $1700 a month on 12 month pay..just starting you will be on 10 month pay so you might net $1900? My net is almost $1000 less than the gross...(10 month pay as I just changed counties) OMG and I thought I was making very little and I am between 10-15 years teaching...OUCH again...

As for housing I have two words---CHEAP and CLOSE to school...find a room mate quick!!

[Tony1790]

Below is a NC income tax calculator, you punch in if married or single, etc, the taxable income and it spits out the tax. IF single and $30,430 per year = $2003 annual NC income tax, most of which you should get back at the end of the year.

New teacher with 0-2 yrs exp with a bachelors degree only, starts at $30,430 a year or $3043 per month on 10 month or $2535 on 12 month schedule or $18.11 per hour for the 10 months worked.

Overall not a bad starting wage with plenty of vacation time. Not exactly starving wages, but not getting rich either. Looks like getting NBPTS certified will add close to $4000 annual to your salary.

$30,430
- 2,003 NC tax
- 2,700 Fed income tax
- 1,719 Medicare tax

$24,008 left over or $2000 after taxes take home on 12 months or $2400 take home for the 10 months worked.

Tax Calculator (through 2010 and 2011)




Tax Calculator

[RedZin]

Originally Posted by Tony1790

Below is a NC income tax calculator, you punch in if married or single, etc, the taxable income and it spits out the tax. IF single and $30,430 per year = $2003 annual NC income tax, most of which you should get back at the end of the year.

New teacher with 0-2 yrs exp with a bachelors degree only, starts at $30,430 a year or $3043 per month on 10 month or $2535 on 12 month schedule or $18.11 per hour for the 10 months worked.

Overall not a bad starting wage with plenty of vacation time. Not exactly starving wages, but not getting rich either. Looks like getting NBPTS certified will add close to $4000 annual to your salary.

$30,430
- 2,003 NC tax
- 2,700 Fed income tax
- 1,719 Medicare tax

$24,008 left over or $2000 after taxes take home on 12 months or $2400 take home for the 10 months worked.

Tax Calculator (through 2010 and 2011)




Tax Calculator

There's mandatory retirement in NC for teachers. I think you have to contribute at least 8%... could be 6%.

So, that's a good hunk of pay pre-tax to consider.

[zthatzmanz28]

Originally Posted by meh_whatever

There's mandatory retirement in NC for teachers. I think you have to contribute at least 8%... could be 6%.

So, that's a good hunk of pay pre-tax to consider.

I think mine is 8%? I haven't figured it nor have I actually looked it up but the monthly contribution comes close to 8%...

[azteacher721]

Originally Posted by clcfball11

I have accepted a teaching job in NC and will be moving there very shortly from Illinois.

Because my official transcripts have not yet arrived at the school, I can't discuss particulars with them yet, but I am all but officially accepted as an employee.

I was wondering if anyone can be of assistance in terms of "take-home" pay every 2 weeks.

This link provides information regarding salary for public school teachers in NC:

http://www.ncpublicschools.org/docs/...1schedules.pdf


Let's say I'm in the first tier (30k a year, monthly installments of $2,535), what do you think I'll actually be taking home after taxes? This is important information for me as I search for housing, which I've already found to be a struggle.

ANY help or input would be appreciated. I've heard people estimate I'll only keep 66% of that money; others say its less stingy than here in Illinois.

Not to highjack your thread but since it is related to your post, I figured I would ask. Is this teaching position for this school year 2010-2011 or next? How long did you look? Is it public or private? Sorry to ask so many questions but we are looking and I am trying to decide to either move mid school year or wait until the summer and look for a position at the start of the following school year.