[lbo-talk] Comparative Mcdonaldsology
Jordan Hayes
jmhayes at j-o-r-d-a-n.com
Mon Apr 14 11:42:50 PDT 2008
> If they are just counting your gross pay (assuming you are
> a student who is living at home), you could make the same claim
> about minimum wage here (about how you could earn $800 in a month).
Even if you consider net pay, it's about $1177/mo ($8/hr, full-time, 52
weeks, no other income, no deductions: 1031.68 FICA, 241.28 Medicare,
790 Federal, 446 NY State & City). That's about a 15% net haircut for
taxes at full-time minimum wage, which sucks.
/jordan
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