Quote:
Originally Posted by Justin
7*40*4 = 1120
It's more like $900 a month if that after taxes.
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There is a Federal minimum wage but minimum wage varies by state. In my state the minimum wage is $8.45 per hour. $8.45 x 8 hour day = $67.50 per day x 22 work days per month = $1487.20 per month. After witholdings it would be a little more than $1000.00 per month take home. If a person is a single mother of two she would end up paying zero in federal and state income tax so she would have a substanial tax return from those two entities and in addition about a $5000.00 earned income return from the federal government. Plus she would qualify for low income housing, a certain amount of food stamps, free day care for the kids, free preschool for the kids, and free medical for her and the kids.
Thus cash wise she would have approximately an $18,000 dollar per year take home income...low rent and the other benefits as outlined.
My sister has two children with one in preschool and she pays $1650 per month for day care and the preschool cost.l