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Sorry, I'm sure this has been discussed in detail, but can't seem to find the threads.

I am trying to plan/time some upcoming expenses, and need my SA $ to make the purchases.

So, what is the realistic amount of take home pay from a 10 week SA? $160k prorated.

Which city? Do you have a family? Deductions?

Entirely depends on your tax situation and how many withholdings you take. You can take a large number of withholdings and earn more, but receive little to no refund come next tax season. Or you can take normal withholdings and receive a large refund tax season.

Are you married/single? Have children?

I think there was a thread on this recently. Just one data point. Single, no dependents, NYC, no other special tax circumstances, the proper amount of allowances, part year withholding method. I was paid something like $4,600 every two weeks.

Can't do part year method, so will take extra allowances/deductions or whatever that calc spits out. No wife/kids, and not nyc

4500-4800 per biweekly check sound reasonable?

ETA: trying to budget for my contribution to my upcoming wedding + (hopefully) making a loan payment. So not saving up for something totally ridiculous

NYC. 10 week SA. I received roughly $4,500 per paycheck (two weeks); net $22,500 over the summer.

Tax return, I got back $4,500.

Enjoy this summer - SA life is fabulous.

Anonymous User wrote:NYC. 10 week SA. I received roughly $4,500 per paycheck (two weeks); net $22,500 over the summer.

Tax return, I got back $4,500.

Enjoy this summer - SA life is fabulous.

Thank you.

Tag

Your going to take home more than you will for your first few years as an associate because your not paying for benefits and can claim more deductions. Enjoy!

I didn't take extra allowances (so I'm at like 2, I think), single, in DC but submitted the DC tax exemption thing as a resident of a state for >1/2 the year, and get paid twice a month instead of biweekly. Take home is $4700 per check on 160k scale.

kryptix wrote:Your going to take home more than you will for your first few years as an associate because your not paying for benefits and can claim more deductions. Enjoy!

More deductions? Fuck. Which deductions can you claim as a summer but not as a full time associate?

Anonymous User wrote:

kryptix wrote:Your going to take home more than you will for your first few years as an associate because your not paying for benefits and can claim more deductions. Enjoy!

More deductions? Fuck. Which deductions can you claim as a summer but not as a full time associate?

They are most likely referring to the fact you can claim like 28 or whatever deductions as a summer bc you will only be working 8-12 weeks but being taxed as if you are earning that rate for 52 weeks. If you did that as a full time you'd owe a ton of taxes at the end of the year.