A person with a salary of $35,000 per year would make approximately $673.08 per week. This amount may be reduced by taxes, insurance premiums and other deductions.Continue Reading
To calculate the weekly pay of someone who earns $35,000 per year, the salary amount should be divided by 52 because there are 52 weeks per year. The resulting amount of $673.08 would be the amount before taxes and other deductions since a person's salary is quoted as a gross or pre-tax amount.
Once taxes and deductions such as healthcare premiums are taken out, the remaining amount is referred to as net income. The amount of taxes taken out of one's income are determined by several factors. The number of dependents, city and state of residence and tax brackets will affect the amount that an individual pays in taxes.Learn more about Financial Calculations
To use a net salary calculator, input the tax year, the state where you work, general pay information and voluntary deductions, explains ADP. This type of calculator is for individuals to calculate take home pay, and is not for payroll departments to calculate exact deductions.Full Answer >
The inflation rate calculated with the help of the gross domestic product, or GDP, deflator uses the price index that indicates how much of the GDP has changed in the previous year is based on changes in the price level. The GDP deflator is a measure of price inflation and varies on a yearly basis.Full Answer >
The difference between real and nominal GNP, or gross national product, is that the nominal GNP is calculated at the current price levels of the economy, and the real GNP is calculated relative to a set base year. Nominal GNP is typically used to compare current economies at current price levels, and real GNP can be used to evaluate a single economy's history.Full Answer >
The costs of hiring an employee are typically 1.25 to 1.4 times the base salary range, therefore, a salary of 50,000 a year will actually cost an employer 62,500 to 70,000. The cost for a salary is often much higher than the actual salary because the business not only has to pay for the basic salary, but also must pay for recruiting expenses, employment taxes, benefits, space and other equipment.Full Answer >