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Brown Cafe UPS Forum
UPS Retirement Topics
Maxing out 401k contributions
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<blockquote data-quote="Jackburton" data-source="post: 2226633" data-attributes="member: 34538"><p>It's funny you ask that as I was just having a conversation with a co-worker about the difference in bring home vs hours worked. For example, two weeks ago I brought home 1263.49 working 59.30 hours. Last week I only worked 50.26 hours and brought home 1080.43. So 10 more hours nets me only about $200 in extra cash. The reason is two things, more taxes obviously but that is also taxes on my Roth which is set at 20%, which is calculated off the gross, but physically taken off the net. I hope I explained that well enough.</p></blockquote><p></p>
[QUOTE="Jackburton, post: 2226633, member: 34538"] It's funny you ask that as I was just having a conversation with a co-worker about the difference in bring home vs hours worked. For example, two weeks ago I brought home 1263.49 working 59.30 hours. Last week I only worked 50.26 hours and brought home 1080.43. So 10 more hours nets me only about $200 in extra cash. The reason is two things, more taxes obviously but that is also taxes on my Roth which is set at 20%, which is calculated off the gross, but physically taken off the net. I hope I explained that well enough. [/QUOTE]
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