(10-23-2021, 08:52 AM)Black Aeronaut Wrote: *snip*
Actually, a correction.
If you need a net income of $4500 per month and 30% of your income needs to be paid as taxes your taxes aren't 30% of 4500. Taxes aren't something you pay on top of your net income.
Rather, the sum of 70% of your gross income must be at least $4500, so you need to divide your net income by 0.7 because you pay taxes from your gross income.
According to my calculator that means a monthly gross income of $6 430, rounding to the nearest 10, and if you work 120 hours a month that means a total minimum hourly wage of $53.85.
Which means that yes, the situation is even worse than you thought.