The national average annual income for a full-time young adult worker with a bachelor’s degree in 2019 was about $51,212. We’ll use this figure as your hypothetical annual income for this exercise. Though that’s the average income, it’s NOT your take home (net) pay. Follow the steps below to find out what your take home pay is.

Use the ADP Salary Paycheck Calculator to find your Net Monthly Pay (the wage you actually take home each month, after deductions, such as taxes). To do the activity correctly, choose the state you’ll be living in and then use these values:
Gross Pay = $51,212 (annually)
Pay Frequency = Monthly
Federal Filing Status = single (unless you’re married)
# of federal allowances = 1 (unless you have dependent children)
Select Yes for “Round Federal Withholding”
Leave all other values as they are

What will be your net monthly pay, rounded to the nearest whole dollar?