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For example, a single filer with $60,000 in taxable income falls into the 22 percent bracket but does not pay tax of $13,200 (22 percent of $60,000). Instead, he or she pays **10 percent** of $9,875 plus 12 percent of $30,250 ($40,125 - $9,875) plus 22 percent of $19,875 ($60,000 - $40,125) for a total of $8,990.

If you make $60,000 a year living in the region of California, USA, you will be taxed **$14,053**. That means that your net pay will be $45,947 per year, or $3,829 per month. Your average tax rate is 23.4% and your marginal tax rate is 40.2%.

What is the average tax refund for a single person making $60,000? A single person making $60,000 per year will also receive an **average refund of $2,593** based on the 2017 tax brackets. Taxpayers with a $50,000 or $60,000 salary remain in the same bracket.

If you make $65,000 a year living in the region of California, USA, you will be taxed **$16,060**. That means that your net pay will be $48,940 per year, or $4,078 per month. Your average tax rate is 24.7% and your marginal tax rate is 41.1%.

So if you make $50,000 in earnings, that means you'll pay a total of **$7,975** in taxes. That's the $987.50 from the first tax bracket, the $4,815 in the second tax bracket, and the $9,875 you made being taxed at the 22 percent bracket, for another $2,172 in taxes.

**$60,000 per year is a really good salary to live comfortably on**. However, everyone's situation and finances are different.

Is $60,000 a Year a Good Salary? If you have a salary or income of $60,000, it means you'**re making 5 figures a year**. While you may be an average earner with such an annual income, it's possible to live on it comfortably. In fact, many lower earners dream to make such an amount.

If you make $70,000 a year living in the region of California, USA, you will be **taxed $18,114**. That means that your net pay will be $51,886 per year, or $4,324 per month. Your average tax rate is 25.9% and your marginal tax rate is 41.1%.

Is $35 an Hour a Good Salary? Making $35 an hour will put you in one of the higher tiers of income among Americans. **Only ~30% of household incomes make more** than the $66,560 salary that $35 an hour provides.

According to the Bureau of Labor Statistics, the median salary of all individual workers (male and female of all races) was $881 weekly for the first quarter of 2018. ... An income of $70,000 surpasses both the median incomes for individuals and for households. By that standard, **$70,000 is a good salary**.

Statisticians say middle class is a household income **between $25,000 and $100,000 a year**. Anything above $100,000 is deemed “upper middle class”.

A family of 4 needs a minimum of **$50,000/**year to live modestly but comfortably. ... You probably need at least $55,000 for a family of 4 to live comfortably.

To build a retirement fund of 10 times your salary, a common rule of thumb is to save at least 15% of your pretax income each year throughout adulthood. On a $60,000 salary, that's **$9,000 annually**, or $750 per month. Fidelity's calculation assumes you started saving at age 25.

"Globally, we find that satiation occurs at $95,000 for life evaluation and $60,000 to $75,000 for emotional well-being," said the study's authors in the journal. However, the study also found that the ideal income for life satisfaction in North America is **$105,000**, as reported by Inc.

People start to be considered “rich” when they make at **least $90,000**, the survey found. ... A 2018 study by the Economic Policy Institute found that people who make just slightly more than six figures, $118,400, made more than 90% to 95% of earners in the U.S.

you fall in **the global middle class**. A $59,000 income in the United States has enough buying power to put you in the 91st percentile globally. Within the United States, your income falls around the 40th percentile. In the United States, around 70 percent of the population falls in the global middle class.

That means, if you work the standard 40 hour work week, 52 weeks per year, you'd need to divide $60,000 by 2,080 hours (40 * 52). If this is your measure, $60,000 per year is **$28.85 an hour**.

If you make $80,000 per year, your hourly salary would be **$41.03**. This result is obtained by multiplying your base salary by the amount of hours, week, and months you work in a year, assuming you work 37.5 hours a week.

A annual salary of $70,000, working 40 hours per week (assuming it's a full-time job of 8 hours per day), will get you **$34.31 per hour**.

To someone who just graduated highscool or even college, a $30 an hour full time position would be a **good** (possibly great) salary. To an individual with 20 years of experience and multiple advanced degrees, $30 an hour would likely be far below market value.

If you make $65,000 per year, your hourly salary would be **$33.33**. This result is obtained by multiplying your base salary by the amount of hours, week, and months you work in a year, assuming you work 37.5 hours a week.

According to the census, the national average household income in 2019 was $68,703. A living wage would fall below this number while an ideal wage would exceed this number. Given this, a good salary would be **$75,000**.