I'm sorry, but you really ****ed this up.
40 hours a week * 52 weeks a year = $23.04 per hour = $50,000 per year - taxes at 15% = $42,500 take home.
but you were talking single filer, so, figure 25% tax rate:40 hours a week * 52 weeks a year = $23.04 per hour = $50,000 per year - taxes at 25% = $37,500 take home.
(does not figure medicare and all the other payroll taxes, insurance, etc...)
http://taxfoundation.org/article/2014-tax-brackets Then, just to prove my point, I share this:
[youtube=425,350]http://www.youtube.com/watch?v=p_QEx7gXalI[/youtube]