[rdouble]

Sadly, in the Bay Area $4166 is almost exactly what an exempt employee making $100K actually takes home every month.

[binarycrusader]

No, if they were making $100K, then taxes and witholding, etc. will leave them with roughly 65% of their gross.

So they'd actually be taking home closer to $5416 per month.

Still "sad" (given that average rental rate on a two-bedroom apartments is $2K+ per month in the general bay area), but not quite as much.

[HerraBRE]

We will be doing this legally, which means paying ourselves salaries and paying taxes etc. etc.

[superchink]

Yes, but if they are collecting $100k to fund their work on this project over the next year, they will still be paying taxes ON TOP of that.

[rdouble]

Ya, just had a flashback to a former paycheck...