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Thread: How much do you make a year?
10-17-07, 05:08 PM #1
How much do you make a year?
I know its not alot but, I want get a general idea of how much money I will be making. How much did you make your first and second year? Including allowance and hazard pay or whatever its called. Thanks for any information you have.
10-17-07, 05:17 PM #2
Are you married or single?
10-17-07, 05:30 PM #3
An E-1 with under 4 months in service is paid $1203.90 per month. An E-1 with over 4 months service makes $1301.40. An E-2 with under 2 years in service makes $1458.90. An E-3 with under 2 years in service makes $1534.20
Any other money depends on whether you're married or single and where you are stationed.
10-17-07, 05:39 PM #4
Assuming you are single and a PFC in less than two years:
1458.90 will be your base pay before taxes.
7.20 will be given to you for BAH partial. (non taxible)
279.88 will be given to you for BAS (non taxible)
Then come the deductions, these are approximations:
135 for federal taxes
84 for social security
20 for medicare
28 for SGLI
1 for TSGLI
238 for DMR (your meal card)
.50 for USN/USMC retirement home
100 for the first year goes to your GI Bill
So you will make approximately 1139.48 a month, or 570 a paycheck. This is without any state tax, as I don't have a clue what the taxes are in your state. Also, there are a few other deductions that are not in their as they are optional: TSP, Savings Bonds, CFC Contributions, ect.
If you go to a combat zone, you will be tax exempt, and if I remember correctly, hazardous duty pay is $225. Though I heard it might have gone down.
If you are married it changes because you get BAH based on your zip code, and you will get to keep all the BAS monthly. Also, when you get separated from the wifey you get Family Separation Allowance which is 250 a month.
10-17-07, 05:47 PM #5
10-17-07, 05:54 PM #6Originally Posted by Zulu 36
10-17-07, 06:11 PM #7
Originally Posted by DIBLO7
If remember correctly, a PFC couldn't register a car on base at the time anyway (1971). I think you had to be at least a corporal.
I never owned a car until I was 24 years old and after I was out of active duty.
10-17-07, 06:31 PM #8
They have made the pay a whole lot more competitive in the past decade or so. I'm definately not complaining.
10-17-07, 06:43 PM #9
According to mol.usmc.mil and my Personal Statement of Military Compensation with all benefits included I make $40,888.87 a year.
10-17-07, 07:35 PM #10
That ain't bad money for not having to pay medical insurance and/or bills, dental insurance and/or bills, for housing, for food, for utilities. The ONLY bill I had was a $169/month car payment (bought me a car before I headed to CA after my A School) - the rest I drank up, spent up, burned up......................but, I had a good time!
10-17-07, 07:36 PM #11
That stupid thing lies too. I don't remember how much it was, but they tried to claim a barracks room was worth about $1000/month when you considered they were claiming the value was something close to $500/month for each person. I could have found a heck of a house for $1000, and we wouldn't have had to share a bathroom with the people next door.
10-17-07, 07:42 PM #12
Originally Posted by Echo_Four_Bravo
10-17-07, 09:04 PM #13Originally Posted by Echo_Four_Bravo
10-17-07, 09:06 PM #14Originally Posted by Marine84
10-18-07, 10:51 AM #15
I'm single btw. Thanks for the info.
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