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DC in Suwon
Joined: 14 Dec 2008
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Posted: Mon May 18, 2009 9:07 am Post subject: Monthly Salary Question |
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OK. I get paid 2.2. Any idea how much I should make after the health insurance and pension taken out? Ball park figure? |
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ahsieee
Joined: 03 Mar 2009 Location: Yongin, South Korea
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Posted: Mon May 18, 2009 9:30 am Post subject: |
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does your school take out any other fees from your salary, such as for heating, water, electricity? depending on how much they take out, you can end up with anywhere from 1.8 to 2.0 |
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B-Teacher
Joined: 09 Nov 2006
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Posted: Mon May 18, 2009 9:34 am Post subject: Re: Monthly Salary Question |
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DC in Suwon wrote: |
OK. I get paid 2.2. Any idea how much I should make after the health insurance and pension taken out? Ball park figure? |
Between 2.0 and 2.1 after insurance, pension and taxes. Don't forget to take utilities into account. |
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cruisemonkey

Joined: 04 Jul 2005 Location: Hopefully, the same place as my luggage.
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Posted: Mon May 18, 2009 12:34 pm Post subject: |
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I can tell you exactly -
Pension: 4.5% of W2,200,000 = W99,000
Health: 2.54% of W2,200,000 = W55,880
W2,200,000 - W154,880 = W2,045,120 |
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egrog1717

Joined: 12 Mar 2008
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Posted: Mon May 18, 2009 7:55 pm Post subject: |
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cruisemonkey wrote: |
I can tell you exactly -
Pension: 4.5% of W2,200,000 = W99,000
Health: 2.54% of W2,200,000 = W55,880
W2,200,000 - W154,880 = W2,045,120 |
Minus taxes and school lunch (if in a PS) |
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dragon777
Joined: 06 Dec 2007
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Posted: Tue May 19, 2009 5:38 am Post subject: |
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Those figures are correct. I receive 2042450 won after pension is taken out , not including tax as I do not have to pay it. Meals are separate and are also taken from this figure. |
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tenchu77491
Joined: 16 Mar 2009
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Posted: Tue May 19, 2009 3:21 pm Post subject: |
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cruisemonkey wrote: |
I can tell you exactly -
Pension: 4.5% of W2,200,000 = W99,000
Health: 2.54% of W2,200,000 = W55,880
W2,200,000 - W154,880 = W2,045,120 |
I make the same salary at a public school and this was exactly my last salary receipt. |
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