LogFAQs > #892568599

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Topic	man i only got 65% of my gross pay this year
wolfy42 12/20/17 12:37:35 PM #2:	Due to taxes and student loans? Thats not that uncommon. Depending on your tax bracket and the amount of student loans it could easily be less. Technically though you only need to pay 10% of your gross pay max towards student loans (income based repayment plan) but then you will probably never pay them off. If you are paying more than that though, it's easily to actually hit 50% of gross pay even! --- Proud member of the Arv The Great is great fan club!!! Join today by putting it in your sig. <cite>wolfy42 posted [p:892568599] in man i only... [t:76119191]...</cite> <quote>Due to taxes and student loans? Thats not that uncommon. Depending on your tax bracket and the amount of student loans it could easily be less. Technically though you only need to pay 10% of your gross pay max towards student loans (income based repayment plan) but then you will probably never pay them off. If you are paying more than that though, it's easily to actually hit 50% of gross pay even! --- Proud member of the Arv The Great is great fan club!!! Join today by putting it in your sig.</quote> ... Copied to Clipboard!
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