2. Assume 30% of your salary goes toward taxes. That means you actually only receive 70% of your salary. Calculate the actual amount that you will receive each year.
Example: If your annual salary is $50,000, you actually earn $50,000 x .70=\$35,000
My salary is 277,000
277,000 x 0.70 = $193,900
You will actually receive $193,900 each year.