# Working at minimum wage, how long would it take someone to make \$15,000?

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thinking of getting a part-time job. Preferably this would be an after tax estimate.

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I was going to reply then I realized. . .I don't even know what minimum wage is.

How many hrs a week would you work???

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OK minimum wage is \$5.85 (I think) so it would take 3417 hrs assuming that you paid 25% in taxes.

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That would depend on your local tax rates and your federal bracket. It would also depend on any extra costs (child care, transportation, clothing, etc.)

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Minimum wage is different depending on the state you live in, in NJ it is \$7.15 an hour. Google "minimum wage, your state." 35% of my salary would go towards various taxes, I would need to earn around \$23,000 to bring home \$15,000 (15,000/.65 = \$23 thousand and change). \$23,000/\$7.15 = 3217 hours a year or 62 hours a week :eek:

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That would depend on your local tax rates and your federal bracket. It would also depend on any extra costs (child care, transportation, clothing, etc.)

Except the clothing & transportation (less than 1 mile) I suppose. It's going to be weekend or evening hours so my husband can do kid care. :D

Minimum wage in my state is \$7.50 that that's little better. I'm not sure how to calculate taxes though.

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However I doubt that I'll be able to put in a 40 hr work week, maybe 20 hrs is more reasonable. So it will take me personally just over 2.5 yrs.

assumptions: 25% taxes

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Minimum wage in my state is \$7.50 that that's little better. I'm not sure how to calculate taxes though.

* example \$10,000 is taxed at 15% and 5,000 is taxed at 27% (I don't remember if that's the correct rate)

(10,000 x .15) + (5,000 x .27) = federal taxes

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