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This handy table provides details of my job as a Senior Environmental Scientist, wherein I will be required to work full-time; the busy schedule involved starts once I call Marilyn Baker |
Thursday, February 12, 2015
Entry 11 - Taxation on My Earthly Representation
→ The taxation on my income was somewhat of a disappointment, especially due to the fact that California has one of the highest percentages of taxes in the United States. Since a wildlife biologist has the likelihood of making a starting salary of the average salary of the job he or she is attempting, the salary I chose to work with for my job as an environmental scientist was $108,944.40 a year. After arriving at this impressive amount, I researched the income tax in the state of California, this being equivalent to 9.3% of an income amount, and applied this percentage to $108,944.40 by multiplying the two values, and so I was left will how much the Californian government will take from my paycheck in taxes in each year - $10,131.79. I then researched the federal income tax on an amount to the extent of mine, which ended up being 28%, and applied the percentage of taxation to my annual income, this tax and deduction to my paycheck being $30,504.43. Through the calculation of taxes in my case, my income per year for the government job I acquired was concluded to be $68,308.14 - a far cry from its predecessor. Toying with the taxation system, I was determined to find out how taxes are calculated according to the amount of young dependents (children ages 16 and under) one had, given that I was single and had such an option in my case. For one dependent added to my responsibility, I added $987 to my tax returns and calculated income taxes for $90,812; for two, I added $1,288 to my previous addition and calculated taxes for $86,862; for three, I added $1,987 to my previous additions and my taxable amount was $82,912; for four, I added $1,573 to my previous three additions and calculated taxes for $78,962; and for five dependents, I added $1,000 to my previous four additions and my taxable amount was $75,012. In this way, the amount of tax returns reimbursed by the government increased until I had three children in my possession, from which point the amount of money I received decreased just as dramatically, and the amount of my gross income robbed for taxes decreased, providing me with more money to spend on my simulated children.
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