I got a raise of $17,000 but my take home pay per check is only $300 more?

If you get 4.34 paychecks per month, that's some 1300/month and enough for a house payment.

So, just some basic math: 17K is 1,416/mo.

If you get 2 paychecks a month, that's some 700 gross and maybe what 450~500 net? So if the 300 is each week, wouldn't that be pretty high?

Getting 1200~1300 from a 1400 raise doesn't sound right.

I did mine many years ago and got a 4K raise to 44 and got < 1/2 the raise going to me.

It's hard for us to compare when we don't know what "300/paycheck" means... How many paychecks do you get per year?

300X52 = 15,600 300X26 = 7,800

So I'm guessing the 2nd one. You get 1 paycheck every 2 weeks and each one is $300 more?

That's right on par with the ratio I got, but mine was so long ago I don't have the exact numbers. I just remember that the Gov got more of my raise than I did.

/r/personalfinance Thread