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