70k a year is how much an hour?
$70k Per Year After Taxes is $53445. This would be your net annual salary after taxes. To turn that back into an hourly wage the assumption is working 2080 hours. $53445 ÷ 2080 hours = $25.69 per hour After estimated taxes and FICA you are netting $53445 per year which is $16555 per year less than what you expect.