Net Effect of Payroll Adjustments
Do you remember the post small raise, big difference? If not, let me summarize:
- I received a ~3% raise
- I increased my federal exemptions to 7
- I began saving $100 bi-wkly towards my rental property fund
With all of these changes, my intent was to maintain the same pre-raise net income. Well guess what? Today was payday and my net income decreased by only ($2.79). Perfect.
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