Is 40K a good salary for a family?

While a $40,000 a year salary might categorize you in the lower-middle class and below the median individual income in America, it’s still plenty of money for you to survive on. Even if you have superb money management and are living frugal, it still doesn’t mean this salary will be good.

Is 40K a year a good salary UK?

40K is definitely good enough to support yourself, live relatively comfortably. The tax will take quite a good percentage off that which is quite a pain. I guess it won’t be enough to support a family very well if you live in the central London area, or higher investments like buying a house.

How much is 41 000 a year hourly?

If you make $41,000 per year, your hourly salary would be $21.03. This result is obtained by multiplying your base salary by the amount of hours, week, and months you work in a year, assuming you work 37.5 hours a week.

What salary is enough to live comfortably UK?

Most Brits feel that a salary of £2,000 a month after tax and national insurance is the threshold amount for a comfortable lifestyle (for a single person).

How much does a father have to pay for child support?

The mother is given primary physical custody and the state requires 18\% of the obligor’s income be awarded to the custodial parent. Therefore, the dad would pay about $278 per month for child support.

How much do you need to make to support a family?

Depending on where you live in the United States, the amount you need to make to support a family can vary by a lot. The burden is even greater for single parents. While a single parent with one child can manage on just over $45,000 a year in Alabama, for example, it takes at least $62,000 a year to make ends meet in California.

How does spousal support affect child support?

If spousal support is also to be paid, then this will also affect the child support obligation, as it increases the income available to the recipient. Whom owes child support to whom will depend on what custody schedule is in place. If you are the primary custodian, she would owe child support to you.