Top rate paycheck

[nystripe96]

So a 20 year driver showed me his check and surprisingly it was only $810 after deductions. He said he only contributes 5% to his 401k so I can't really grasp this. Granted I'm in NYC and the taxes are horrendous but here I'm just a year from being at top rate. Now I'm not nearly as excited as I was. Is that really the ballpark of what most top rate drivers make?

 

[IVE GOTTA PACKAGE 4U]

Did he have any other deductions?
Child support?

 

[Big Arrow Down...D]

So a 20 year driver showed me his check and surprisingly it was only $810 after deductions. He said he only contributes 5% to his 401k so I can't really grasp this. Granted I'm in NYC and the taxes are horrendous but here I'm just a year from being at top rate. Now I'm not nearly as excited as I was. Is that really the ballpark of what most top rate drivers make?

Maybe Union dues came out and very little overtime.

 

[sppollock]

is he married? Other deductions? Was it just for 40 hours or was there any overtime?

 

[govols019]

That's what my take home is if I take a day off during the week and I contribute 12% to my 401K and am taxed at the single rate. I also have $10 a week for DRIVE and $20 for my AFLAC insurance coming out.

Living in state with no income tax has its perks.

 

[Brown Down]

I average high 900 to 1000 take home on a decent work week with 6% taken out for 401k and haven't screwed with my tax rate. I would say he either had almost no overtime or took a layoff day.

 

[IVE GOTTA PACKAGE 4U]

That's what my take home is if I take a day off during the week and I contribute 12% to my 401K and am taxed at the single rate. I also have $10 a week for DRIVE and $20 for my AFLAC insurance coming out.

Living in state with no income tax has its perks.

You would be better off putting that DRIVE money in your 401k.

 

[nystripe96]

Yea I'll ask him again on Monday. Just doing the math that number seems too low

 

[BUCN85]

So a 20 year driver showed me his check and surprisingly it was only $810 after deductions. He said he only contributes 5% to his 401k so I can't really grasp this. Granted I'm in NYC and the taxes are horrendous but here I'm just a year from being at top rate. Now I'm not nearly as excited as I was. Is that really the ballpark of what most top rate drivers make?

I almost make that as a 2nd year driver so that's odd. I think a lot take home close too. 1100-1200

 

[MC4YOU2]

Also a big difference in a 45 hour week vs a 60 hour week.

 

[3838373]

I only worked 4 days last week and have 25% going into my 401k and took home
771.83

 

[ManInBrown]

11-1300 take home per week here. 3% to 401K. Single. 48-51 hours a week

 

[IVE GOTTA PACKAGE 4U]

I only worked 4 days last week and have 25% going into my 401k and took home
771.83

4-12 hour days?

 

[Rack em]

I've seen top rate drivers take home over $1,500 a week. Most I think average around $1,200 at my center.

Funny story... I am just starting out as a FT driver so I only make $18.75. It was 3 weeks ago I had worked 53 hours and after deductions and everything I only took home $621. Well another driver had taken 2 days off that week and worked maybe 30 hours and was looking at her check all pissed off because she only took home $650ish. I simply showed her my paycheck which was less than hers and my hours and just gave her that "shut the friend* up" look

 

[3838373]

4-12 hour days?

- REGULAR 34.400 32.00 1,100.80
- OVERTIME 51.600 5.06 261.10
- PROD BON 51.600 1.56 80.50
- TOTAL HOURS WORKED 37.06
- CURRENT TOTALS 1,442.40
- TOTAL HOURS WORKED 37.06

 

[IVE GOTTA PACKAGE 4U]

- REGULAR 34.400 32.00 1,100.80
- OVERTIME 51.600 5.06 261.10
- PROD BON 51.600 1.56 80.50
- TOTAL HOURS WORKED 37.06
- CURRENT TOTALS 1,442.40
- TOTAL HOURS WORKED 37.06

Nice!

 

[Indecisi0n]

Who cares I'm hung like a horse.

 

[3838373]

Bumping up your 401k hardly even hurts take home pay...

play around with this calculator
http://www.vertex42.com/Calculators/paycheck-calculator.html

 

[3838373]

if i work a normal week and gross 1750.... my take home pay is around 1185 with 5% into 401k, if i raise my 401k to 20% my take home pay is around 1000... Well worth the increase; I realize some drivers couldn't afford the 185 decrease in take home though.

Lets do the math of 5% vs 20% over 20 years.
20% would probably max out a 401k which would give you about 800k after 20 years. at 5% you would have about 200k, if you can just manage living on less than 185 a week.. (all a rough estimate )

 

[IVE GOTTA PACKAGE 4U]

if i work a normal week and gross 1750.... my take home pay is around 1185 with 5% into 401k, if i raise my 401k to 20% my take home pay is around 1000... Well worth the increase; I realize some drivers couldn't afford the 185 decrease in take home though.

Do it 1% at a time and see what you are comfortable with.