Question

STEP 1
Yearly salary
STEP 2
Divide by 12
STEP 3
GROSS monthly income
STEP 4
Multiply by 9% (.09)
STEP 5
Taxes and withholding
STEP 6
Subtract step 5 from step 3
STEP
NET monthly salary




military

Answer 1

To calculate the net monthly salary for a military service member using the steps you've outlined, let's break it down further with an example. Suppose the annual salary is $50,000. Here's how you would calculate the net monthly salary step-by-step:

### Step 1: Yearly Salary
- Assume the yearly salary = $50,000

### Step 2: Divide by 12
- Monthly income = $50,000 / 12 = $4,166.67

### Step 3: GROSS Monthly Income
- Gross monthly income = $4,166.67

### Step 4: Multiply by 9% (.09)
- Taxes and withholding = Gross monthly income × 0.09
- Taxes and withholding = $4,166.67 × 0.09 = $375.00

### Step 5: Taxes and Withholding
- Total taxes and withholding = $375.00

### Step 6: Subtract Step 5 from Step 3
- Net monthly salary = Gross monthly income - Taxes and withholding
- Net monthly salary = $4,166.67 - $375.00 = $3,791.67

### Final Result: NET Monthly Salary
- Therefore, the net monthly salary is **$3,791.67**.

You can replace the yearly salary in this example with any amount you want to calculate the corresponding net monthly salary. Would you like to input a different yearly salary for a custom calculation?