Estimated take home pay?

I'm trying to calculate bi-weekly take home pay.

Say you make 120k/year, are single, and contribute 5% to 401k. Any estimates of what your bi-weekly check would be after taxes and 401k?

I'm coming up with $2,850 assuming taxes are 35%, with the 5% 401k contribution, does that seem about right?

Source: Student Doctor Network - February 21, 2017 Category: Universities & Medical Training Authors: ldiot Source Type: forums