So you are going to make $17 an hour from a new job position or raise. But $17 an hour is how much a year? Below you will find how much $17 an hour is annually, monthly, weekly, daily, and even after taxes. You will also find an hourly wage calculator and an example budget you can use when making $17 an hour.
To find out how much $17 an hour is as a yearly salary, multiply $17 by 40 hours and 52 weeks. So if you were to work full-time, 40 hours a week, making $17 an hour, you would earn $35,360 a year.
You might wonder if $17 an hour is enough to cover your costs. The truth is that it comes down to where you live. In the United States, different states require a different minimum income to live on.
For example, if you live in Florida as a single adult with no kids, the living wage is $17.24 an hour. So if you’re making $17 an hour, you’re earning just under the living wage.
And that’s only if you’re single and don’t have kids. If you have a partner and only one of you works, the living wage is $26.30 (with no kids). That’s $9.30 an hour more than your $17 wage. With kids, the living wage increases further.
Luckily we put together a list of our top recommended tools that you need to live at this hourly wage. You can find that section later on in this article.
We also included calculations for how much you will have to pay in taxes in each of the 50 states. This way, anyone making $17 an hour will have a good idea of what their estimated after-tax income is.
This post may contain affiliate links. For more information, see our disclosure policy.
Comparison Table of $17 an Hour (Before & After Taxes)
| $17 An Hour | Pretax Income | After-Tax Income |
|---|---|---|
| Yearly (52 Weeks) | $35,360 | $26,520 |
| Monthly (160 Hours) | $2,720 | $2,040 |
| Biweekly (80 Hours) | $1,360 | $1,020 |
| Weekly (40 Hours) | $680 | $510 |
| Daily (8 Hours) | $136 | $102 |
| Hourly (1 Hour) | $17 | $12.75 |
$17 an Hour is How Much a Year?
If you make $17 an hour, your yearly salary would be $35,360. This is calculated by multiplying your $17 hourly wage by 2,080 total annual hours worked.
There’s a total of 52 weeks in the year, and if you work a full-time job, you will work on average 40 hours a week. So multiplying 40 hours by 52 weeks results in 2,080 total hours worked each year.
However, if you work fewer weeks or take some time off, you would earn less than this amount every year.
Find Out: $16 an Hour is How Much a Year?
$17 an Hour is How Much a Year After Taxes?
If you make $17 an hour, you would take home $26,520 a year after taxes. Your pre-tax salary was $35,360. But after paying 25% in taxes, your after-tax salary would be $26,520 a year.
The amount you pay in taxes depends on many different factors. But assuming a 25% to 30% tax rate is reasonable.
That means about a third to a fourth of your income will go to taxes at $17 an hour. There are ways to minimize how much you pay in taxes. However, for the average person, assuming this amount as a tax rate can be expected.
$17 an Hour is How Much a Month?
If you make $17 an hour, you would make $2,720 a month, assuming you are working full-time.
A full-time worker or employee works at least 40 hours a week. If you work either more or fewer hours, this amount will vary slightly.
Sometimes, if you work more than 40 hours a week, you might be eligible for overtime pay. Overtime pay is 1.5 times what you usually make. So you could end up making a considerable amount more than what is listed above.
Learn More: $15 an Hour is How Much a Year?
$17 an Hour is How Much Biweekly?
$17 an hour is $1,360 biweekly before taxes and approximately $1,020 after taxes. Paying a tax rate of 25% and working full-time at 40 hours a week, you would earn $1,020 after taxes.
To calculate how much you make biweekly before taxes, you would multiply $17 by 40 hours and 2 weeks.
$17 an Hour is How Much a Week?
If you make $17 an hour, you will get paid $680 a week. This amount is calculated by assuming you work full-time for all four weeks of the month. If you multiply 40 hours by $17 an hour, you get $680, your weekly income.
See: $14 an Hour is How Much a Year?
How Much is 17 dollars an Hour Daily?
$17 an hour is $136 per day. The standard workday is 8 hours. So by multiplying 8 hours by $17 an hour, you would earn $136 every day.
You can make $100 a day by working 5.88 hours at $17 an hour.
Hourly Wage Calculator
Input an hourly wage (like $17/hr) and see what that wage is hourly, daily, biweekly, monthly, and annually.
How Much is $17 an Hour Annually?
Annual and yearly income are two terms used a lot when talking about hourly wages and salaries. They essentially mean the same thing, just phrased slightly differently.
$17 an hour is $35,360 annually. This result is found by multiplying 17 x 40 x 52 to get the final annual amount. In the equation, the 17 stands for 17 dollars an hour, 40 means 40 hours a week, and 52 stands for 52 weeks in a year.
The formula used for finding your yearly income is the same one for calculating your annual income.
What is a $17 an Hour Salary?
Someone earning a $17 hourly wage earns a $35,360 yearly salary.
A typical full-time work week consists of 40 hours. Since there are 52 weeks in the year, you can multiply 17 dollars by 52 weeks and 40 hours to calculate your approximate annual salary.
At this income, you can expect to pay roughly 25% in taxes every year. So your after-tax salary will be just about $26,520.
Find Out: $13 an Hour is How Much a Year?
How Much is 17 dollars an Hour Annually Part-Time?
17 dollars annually part-time is between $17,680 and $30,940. If you work 20 hours per week for 52 weeks, you would earn $340 per week for a total of $17,680 per year.
On the other end of that spectrum, if you work 35 hours a week, which is still technically part-time, you would make $595 per week or $30,940 a year.
$17 an Hour Salary After Taxes in 2023 (By State)
Here is your estimated $17 an hour annual salary after taxes in 2023 for each state.
Just as a reminder, before taxes, your salary is $35,360. The after-tax amount will change based on your state taxes.
Alabama ($28,691)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 4.03% ) – $1,425
FICA ( 7.65% ) – $2,705
Total Alabama Income Taxes ( 18.86% ) – $6,669
Annual Take-Home Pay in Alabama ( 81.14% ) – $28,691
Alaska ($30,116)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 0.00% ) – $0
FICA ( 7.65% ) – $2,705
Total Alaska Income Taxes ( 14.83% ) – $5,244
Annual Take-Home Pay in Alaska ( 85.17% ) – $30,116
Arizona ($29,526)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 1.67% ) – $591
FICA ( 7.65% ) – $2,705
Total Arizona Income Taxes ( 16.50% ) – $5,834
Annual Take-Home Pay in Arizona ( 83.50% ) – $29,526
Arkansas ($29,066)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 2.97% ) – $1,050
FICA ( 7.65% ) – $2,705
Total Arkansas Income Taxes ( 17.80% ) – $6,294
Annual Take-Home Pay in Arkansas ( 82.20% ) – $29,066
California ($29,434)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 1.93% ) – $682
FICA ( 7.65% ) – $2,705
Total California Income Taxes ( 16.76% ) – $5,926
Annual Take-Home Pay in California ( 83.24% ) – $29,434
Colorado ($29,091)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 2.90% ) – $1,025
FICA ( 7.65% ) – $2,705
Total Colorado Income Taxes ( 17.73% ) – $6,269
Annual Take-Home Pay in Colorado ( 82.27% ) – $29,091
Connecticut ($28,999)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 3.16% ) – $1,117
FICA ( 7.65% ) – $2,705
Total Connecticut Income Taxes ( 17.99% ) – $6,361
Annual Take-Home Pay in Connecticut ( 82.01% ) – $28,999
Delaware ($28,726)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 3.93% ) – $1,390
FICA ( 7.65% ) – $2,705
Total Delaware Income Taxes ( 18.76% ) – $6,634
Annual Take-Home Pay in Delaware ( 81.24% ) – $28,726
Florida ($30,116)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 0.00% ) – $0
FICA ( 7.65% ) – $2,705
Total Florida Income Taxes ( 14.83% ) – $5,244
Annual Take-Home Pay in Florida ( 85.17% ) – $30,116
Georgia ($28,673)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 4.08% ) – $1,443
FICA ( 7.65% ) – $2,705
Total Georgia Income Taxes ( 18.91% ) – $6,687
Annual Take-Home Pay in Georgia ( 81.09% ) – $28,673
Hawaii ($28,154)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 5.55% ) – $1,962
FICA ( 7.65% ) – $2,705
Total Hawaii Income Taxes ( 20.38% ) – $7,206
Annual Take-Home Pay in Hawaii ( 79.62% ) – $28,154
Idaho ($28,875)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 3.51% ) – $1,241
FICA ( 7.65% ) – $2,705
Total Idaho Income Taxes ( 18.34% ) – $6,485
Annual Take-Home Pay in Idaho ( 81.66% ) – $28,875
Illinois ($28,482)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 4.62% ) – $1,634
FICA ( 7.65% ) – $2,705
Total Illinois Income Taxes ( 19.45% ) – $6,878
Annual Take-Home Pay in Illinois ( 80.55% ) – $28,482
Indiana ($28,451)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 3.14% ) – $1,110
FICA ( 7.65% ) – $2,705
Local Income Tax ( 1.57% ) – $555
Total Indiana Income Taxes ( 17.97% ) – $6,909
Annual Take-Home Pay in Indiana ( 82.03% ) – $28,451
Iowa ($28,794)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 3.65% ) – $1,291
FICA ( 7.65% ) – $2,705
Local Income Tax ( 0.09% ) – $32
Total Iowa Income Taxes ( 18.48% ) – $6,566
Annual Take-Home Pay in Iowa ( 81.52% ) – $28,794
Kansas ($28,886)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 3.48% ) – $1,231
FICA ( 7.65% ) – $2,705
Total Kansas Income Taxes ( 18.31% ) – $6,474
Annual Take-Home Pay in Kansas ( 81.69% ) – $28,886
More About Salaries: $28,000 a Year
Kentucky ($27,439)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 4.62% ) – $1,634
FICA ( 7.65% ) – $2,705
Local Income Tax ( 2.95% ) – $1,043
Total Kentucky Income Taxes ( 19.45% ) – $7,921
Annual Take-Home Pay in Kentucky ( 80.55% ) – $27,439
Louisiana ($29,275)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 2.38% ) – $842
FICA ( 7.65% ) – $2,705
Total Louisiana Income Taxes ( 17.21% ) – $6,085
Annual Take-Home Pay in Louisiana ( 82.79% ) – $29,275
Maine ($29,041)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 3.04% ) – $1,075
FICA ( 7.65% ) – $2,705
Total Maine Income Taxes ( 17.87% ) – $6,319
Annual Take-Home Pay in Maine ( 82.13% ) – $29,041
Maryland ($28,200)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 3.47% ) – $1,227
FICA ( 7.65% ) – $2,705
Local Income Tax ( 1.95% ) – $690
Total Maryland Income Taxes ( 18.30% ) – $7,160
Annual Take-Home Pay in Maryland ( 81.70% ) – $28,200
Massachusetts ($28,567)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 4.38% ) – $1,549
FICA ( 7.65% ) – $2,705
Total Massachusetts Income Taxes ( 19.21% ) – $6,793
Annual Take-Home Pay in Massachusetts ( 80.79% ) – $28,567
Michigan ($28,475)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 3.66% ) – $1,294
FICA ( 7.65% ) – $2,705
Local Income Tax ( 0.98% ) – $347
Total Michigan Income Taxes ( 18.49% ) – $6,885
Annual Take-Home Pay in Michigan ( 81.51% ) – $28,475
Minnesota ($28,896)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 3.45% ) – $1,220
FICA ( 7.65% ) – $2,705
Total Minnesota Income Taxes ( 18.28% ) – $6,464
Annual Take-Home Pay in Minnesota ( 81.72% ) – $28,896
Mississippi ($29,002)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 3.15% ) – $1,114
FICA ( 7.65% ) – $2,705
Total Mississippi Income Taxes ( 17.98% ) – $6,358
Annual Take-Home Pay in Mississippi ( 82.02% ) – $29,002
Missouri ($29,211)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 2.56% ) – $905
FICA ( 7.65% ) – $2,705
Total Missouri Income Taxes ( 17.39% ) – $6,149
Annual Take-Home Pay in Missouri ( 82.61% ) – $29,211
Montana ($28,907)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 3.42% ) – $1,209
FICA ( 7.65% ) – $2,705
Total Montana Income Taxes ( 18.25% ) – $6,453
Annual Take-Home Pay in Montana ( 81.75% ) – $28,907
Nebraska ($29,041)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 3.04% ) – $1,075
FICA ( 7.65% ) – $2,705
Total Nebraska Income Taxes ( 17.87% ) – $6,319
Annual Take-Home Pay in Nebraska ( 82.13% ) – $29,041
Nevada ($30,116)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 0.00% ) – $0
FICA ( 7.65% ) – $2,705
Total Nevada Income Taxes ( 14.83% ) – $5,244
Annual Take-Home Pay in Nevada ( 85.17% ) – $30,116
New Hampshire ($30,116)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 0.00% ) – $0
FICA ( 7.65% ) – $2,705
Total New Hampshire Income Taxes ( 14.83% ) – $5,244
Annual Take-Home Pay in New Hampshire ( 85.17% ) – $30,116
New Jersey ($29,586)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 1.50% ) – $530
FICA ( 7.65% ) – $2,705
Total New Jersey Income Taxes ( 16.33% ) – $5,774
Annual Take-Home Pay in New Jersey ( 83.67% ) – $29,586
New Mexico ($29,278)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 2.37% ) – $838
FICA ( 7.65% ) – $2,705
Total New Mexico Income Taxes ( 17.20% ) – $6,082
Annual Take-Home Pay in New Mexico ( 82.80% ) – $29,278
New York ($28,719)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 3.95% ) – $1,397
FICA ( 7.65% ) – $2,705
Total New York Income Taxes ( 18.78% ) – $6,641
Annual Take-Home Pay in New York ( 81.22% ) – $28,719
Check Out This Annual Salary: $15,000 a Year
North Carolina ($28,825)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 3.65% ) – $1,291
FICA ( 7.65% ) – $2,705
Total North Carolina Income Taxes ( 18.48% ) – $6,535
Annual Take-Home Pay in North Carolina ( 81.52% ) – $28,825
North Dakota ($29,865)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 0.71% ) – $251
FICA ( 7.65% ) – $2,705
Total North Dakota Income Taxes ( 15.54% ) – $5,495
Annual Take-Home Pay in North Dakota ( 84.46% ) – $29,865
Ohio ($28,967)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 0.62% ) – $219
FICA ( 7.65% ) – $2,705
Local Income Tax ( 2.63% ) – $930
Total Ohio Income Taxes ( 15.45% ) – $6,393
Annual Take-Home Pay in Ohio ( 84.55% ) – $28,967
Oklahoma ($28,903)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 3.43% ) – $1,213
FICA ( 7.65% ) – $2,705
Total Oklahoma Income Taxes ( 18.26% ) – $6,457
Annual Take-Home Pay in Oklahoma ( 81.74% ) – $28,903
Oregon ($27,521)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 7.34% ) – $2,595
FICA ( 7.65% ) – $2,705
Total Oregon Income Taxes ( 22.17% ) – $7,839
Annual Take-Home Pay in Oregon ( 77.83% ) – $27,521
Pennsylvania ($28,323)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 3.07% ) – $1,086
FICA ( 7.65% ) – $2,705
Local Income Tax ( 2.00% ) – $707
Total Pennsylvania Income Taxes ( 17.90% ) – $7,037
Annual Take-Home Pay in Pennsylvania ( 82.10% ) – $28,323
Rhode Island ($29,289)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 2.34% ) – $827
FICA ( 7.65% ) – $2,705
Total Rhode Island Income Taxes ( 17.17% ) – $6,071
Annual Take-Home Pay in Rhode Island ( 82.83% ) – $29,289
South Carolina ($29,048)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 3.02% ) – $1,068
FICA ( 7.65% ) – $2,705
Total South Carolina Income Taxes ( 17.85% ) – $6,312
Annual Take-Home Pay in South Carolina ( 82.15% ) – $29,048
South Dakota ($30,116)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 0.00% ) – $0
FICA ( 7.65% ) – $2,705
Total South Dakota Income Taxes ( 14.83% ) – $5,244
Annual Take-Home Pay in South Dakota ( 85.17% ) – $30,116
Tennessee ($30,116)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 0.00% ) – $0
FICA ( 7.65% ) – $2,705
Total Tennessee Income Taxes ( 14.83% ) – $5,244
Annual Take-Home Pay in Tennessee ( 85.17% ) – $30,116
Texas ($30,116)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 0.00% ) – $0
FICA ( 7.65% ) – $2,705
Total Texas Income Taxes ( 14.83% ) – $5,244
Annual Take-Home Pay in Texas ( 85.17% ) – $30,116
Utah ($28,433)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 4.76% ) – $1,683
FICA ( 7.65% ) – $2,705
Total Utah Income Taxes ( 19.59% ) – $6,927
Annual Take-Home Pay in Utah ( 80.41% ) – $28,433
Vermont ($29,285)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 2.35% ) – $831
FICA ( 7.65% ) – $2,705
Total Vermont Income Taxes ( 17.18% ) – $6,075
Annual Take-Home Pay in Vermont ( 82.82% ) – $29,285
Virginia ($28,652)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 4.14% ) – $1,464
FICA ( 7.65% ) – $2,705
Total Virginia Income Taxes ( 18.97% ) – $6,708
Annual Take-Home Pay in Virginia ( 81.03% ) – $28,652
Washington ($30,116)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 0.00% ) – $0
FICA ( 7.65% ) – $2,705
Total Washington Income Taxes ( 14.83% ) – $5,244
Annual Take-Home Pay in Washington ( 85.17% ) – $30,116
West Virginia ($28,840)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 3.61% ) – $1,276
FICA ( 7.65% ) – $2,705
Total West Virginia Income Taxes ( 18.44% ) – $6,520
Annual Take-Home Pay in West Virginia ( 81.56% ) – $28,840
Wisconsin ($28,992)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 3.18% ) – $1,124
FICA ( 7.65% ) – $2,705
Total Wisconsin Income Taxes ( 18.01% ) – $6,368
Annual Take-Home Pay in Wisconsin ( 81.99% ) – $28,992
Wyoming ($30,116)
Federal Income Tax ( 7.18% ) – $2,539
State Income Tax ( 0.00% ) – $0
FICA ( 7.65% ) – $2,705
Total Wyoming Income Taxes ( 14.83% ) – $5,244
Annual Take-Home Pay in Wyoming ( 85.17% ) – $30,116
Tools You Need to Live on $17 an Hour
Earning $17 an hour is quite an accomplishment. Learning how to save, invest and make more is even better.
There’s no such thing as being too financially prepared. But the truth is many hear “personal finance” and think it is much more complicated than it actually is.
The reality of the situation is that there are plenty of tools that simplify personal finance. These tools simplify personal finance to the point where anyone can start today and become better off financially than the previous day.
Whether you are a complete beginner or you are a personal finance pro, this remains true. Below you will find the tools you need to live on $17 an hour.
CIT Bank
Everything is online nowadays, and this includes banking. A reliable and trustworthy bank is something you need, no matter your financial situation. When it comes to reliable banking, you cannot go wrong with CIT Bank.
They are an FDIC-insured Bank that operates entirely online. The days of needing to go to your local bank’s branch are over. When you bank with CIT Bank, you will save both time and money.
Start building up your savings the right way with a CIT Bank account. Enjoy no monthly fees for checking and savings accounts, as well as great rates with their money market and high-yield savings accounts.
Survey Junkie
Everyone likes earning a bit of extra cash. Well, with Survey Junkie, you get paid to share your opinions on products and services. It can’t get much easier than that. Anytime you have a few minutes to spare, fill out one of their surveys and make some money. Sign up today and start taking surveys to receive gift cards or PayPal money.
FreshBooks
There can be quite a bit of a learning curve for anyone trying to learn how to manage money. However, with FreshBooks, you won’t have to worry about learning some complicated software. Whether you own a business or are looking to do personal accounting, FreshBooks accounting software will save you a ton of time and money.
No longer do you need to hire an expensive accountant to do your accounting. Instead, FreshBooks offers a solution with its easy-to-use, affordable accounting software. Not only that, you can access it across all your devices, including your phone, tablet, or computer.
They are perfect for beginners and even offer a free trial. Start using FreshBooks today to simplify your accounting with their affordable accounting software.
Is $17 an Hour Good Money?
If you make $17 an hour, you are making a moderate amount of money. Anyone earning an hourly wage is paid based on the number of hours worked. So the more hours worked, the larger the paycheck.
For example, say you only decided to work a couple of shifts and ended up working a total of 10 hours in a week. Working 10 hours a week, you would earn $170.
Compare that to if you worked twice that many hours, for a total of 20 hours. If you work 20 hours a week, you would end up making $340.
Perhaps you are currently only working part-time for a total of 25 weekly hours. Working 25 hours a week, you would earn $425.
But if you work 30 hours a week, you would make $510.
And lastly, if you work full-time at 40 hours a week, you would earn $680.
The amount of hours you work at 17 dollars an hour dictates whether or not it’s good money. If you only work a few hours a week at this hourly pay, it might not be a whole lot of money. Someone earning less but working more hours could end up making more than you.
But if you work part-time or full-time at 17 dollars an hour, you will get paid a good amount of money.
Learn More: $12 an Hour is How Much a Year?
How To Budget $17 an Hour
Creating a monthly budget for how much you need to spend, save, and invest is not as difficult as it seems. First, you will need to find your after-tax income, otherwise known as your take-home pay. Your take-home pay for $17 an hour or $35,360 a year is approximately $2,040 a month.
You then will need to split that $2,040 after-tax income into different categories. These categories represent your expenses, savings, and investments. If you make $35,360 a year, this is an example of what your monthly budget can look like:
| Category | Budget Amount | Percentage |
|---|---|---|
| Housing | $612 | 30% |
| Saving and Investing | $306 | 15% |
| Insurance | $306 | 15% |
| Food | $204 | 10% |
| Transportation | $204 | 10% |
| Entertainment and Recreation | $204 | 10% |
| Personal Expenses | $102 | 5% |
| Utilities | $102 | 5% |
| Total | $2,040 | 100% |
Is $17 an Hour Good Pay?
Making 17 dollars an hour is good pay. The more hours you work, the more money you will end up making at this hourly rate.
For example, say you get paid every two weeks. If you work part-time, 17 dollars an hour, 20 hours a week, you would earn $680 before taxes.
If you work full-time, every two weeks you would make $1,360 before taxes. After taxes, you would make approximately $1,020.
Look: $16 an Hour is How Much a Year?
How Much is $17 an Hour After Taxes?
$17 an hour before taxes is equal to $12.75 an hour after taxes. By deducting a 25% tax rate from the $17 hourly rate, you will find your after-tax hourly rate is $4.25 less than your pre-tax rate.
You will make 17 dollars an hour before taxes. But after taxes, you will only get to take home $12.75 for every $17 made.
Now that you know this is the case, you can take that after-tax hourly pay number and multiply it by the number of hours you worked to calculate your after-tax pay.
Say, for example, you worked 30 hours at your job one week. You would take your after-tax hourly wage of $12.75 and multiply it by 30 hours to get your pay for that week. After multiplying those two numbers together, you would get an after-tax weekly income of $382.5.
Taxes will fluctuate depending on the individual, where you live, etc. So this figure might change.
Conclusion
For a quick recap on how much $17 an hour is. Here is how you can figure out how much $17 an hour is annually, monthly, biweekly, weekly, and daily.
When finding out how much $17 an hour is per year, you take $17 and multiply it by 40 hours and 52 weeks.
When calculating 17 dollars an hour monthly, you take $17 multiplied by 40 hours and 4 weeks.
To find out how much $17 per hour biweekly is, take $17 multiplied by 40 hours and 2 weeks.
For weekly, you take $17 multiplied by 40 hours. We multiply it by 40 hours because 40 hours a week is considered full-time.
And lastly, to calculate how much $17 an hour is daily, you take $17 and multiply it by 8 hours. Eight hours is used in this calculation because that amount of time represents the standard workday.
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