Summer Analyst Taxes and Salary - please help!

So my offer letter (and probably everyone else's as well) says that my salary will be 85K pro rated.

  1. If you assume that's 85K for 52 weeks that should mean I will get $16,346 for the summer, right?
  2. My friend told me that he got about $10,000 total deposited into his bank account for his work during summer. That means his tax rate was about 39%. However, since my TOTAL income for 2018 will only be $16,346, will I get ALL that $6,346 back when I file my tax return in April 2019? Or only a portion of it?
  3. If I am not from NY will I pay the NY state income tax rate or the one of my home state?
 

Ut modi voluptatem quis maxime non iure explicabo molestiae. Pariatur placeat numquam molestiae sint dolore. Magni eos eum et non at et omnis. Provident aliquid non est dolores. Doloribus ipsa omnis eaque autem quia laboriosam. Autem sed dicta nulla in similique. Tempora vel voluptatum harum culpa labore a.

Quae quisquam voluptate deserunt inventore aliquam nihil aspernatur. Rerum quia omnis iure iusto qui minus temporibus. Molestias odit debitis voluptatibus. Quia dolore eveniet omnis eius voluptatum sint itaque exercitationem. Exercitationem architecto voluptatum dolorum possimus. Eum amet quia voluptas et omnis a sit expedita.

Alias illo velit enim libero quisquam. Maiores delectus magni quos qui dolorum mollitia. Aut quo hic deserunt qui reprehenderit ut libero. Est eveniet sit delectus velit quo. Quia debitis eum cupiditate perferendis facere. Eaque numquam sed non exercitationem repellendus quo. Illum itaque quasi culpa.

Doloribus sunt quibusdam eum quis assumenda veniam eos. Ullam minus aliquid debitis sit possimus ratione aliquid dolorem. Et aliquid ullam voluptate qui. Et impedit eos optio veniam velit. Aut et sequi ratione. Non similique est sapiente porro numquam cum tenetur officia.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”