Your Paycheck and Finances Find out how much you will be getting paid. Not only will you find the base pay charts of what you will be getting in basic but also your allowances, special/incentive pay, bonuses and at the very bottom, the drill pay schedules (for Reservists ). Whether you are active Army, National Guard or Reserve, you will all get paid the same while you are in training (base pay). Per year, as an E1/E2 you will make around $13,000 to $15,000 and that boils down to $1100 to 1200 per month base pay. This will be taxed at 10% at the federal level, and also don't forget your FICA tax and your state tax (whichever state you are a resident of). Plus, you will have some deductions such as SGLI (Serviceman's Group Life Insurance) and deductions if you want to provide medical and dental care for your wife and children, as well as life insurance for your spouse. If you have a family, you may also be interested in Basic Allowance for Housing (BAH) which is calculated at your spouse's location (while you are in basic and AIT). If you want to know exactly how much, visit the BAH Rate Calculator. So what you have left is your take home pay, it should run $900-1000. Remember that the Army also provides you your medical and dental care without charging you, as well as housing and your meals (this is in addition to your base pay). Your paystub explained. |
