Paycheck Calculator
Calculate net pay, gross pay, and deductions. Estimate your take-home pay after taxes.
How to Use the Paycheck Calculator
- Select Basic Estimate for a quick calculation or Detailed for itemized deductions.
- Enter your annual salary and pay frequency (weekly, biweekly, etc.).
- For detailed mode, enter gross pay per period and individual tax rates.
- Click Calculate to see gross pay, deductions, and net take-home pay.
Formula & Method
Gross Pay: Gross = Annual Salary / Pay Periods per Year
Estimated Net (Basic): Net = Gross × (1 - Tax Rate)
Detailed Net Pay: Net = Gross - Federal Tax - State Tax - FICA - Other Deductions
FICA Rate: Typically 7.65% (6.2% Social Security + 1.45% Medicare)
Annual Net: Annual Net = Gross Annual × (1 - Total Tax Rate)
Examples
| Annual Salary | Frequency | Gross | Est. Net (22%) |
|---|---|---|---|
| $50,000 | Biweekly | $1,923 | $1,500 |
| $75,000 | Monthly | $6,250 | $4,875 |
| $100,000 | Semi-Monthly | $4,167 | $3,250 |
Frequently Asked Questions
What is gross pay vs net pay?
Gross pay is your total earnings before any deductions. Net pay is your take-home pay after taxes and other deductions are subtracted.
What tax rate should I use?
For a quick estimate, 20-25% is typical for middle-income earners. For accuracy, use the Detailed tab with your actual federal, state, and FICA rates.
What is FICA?
FICA stands for Federal Insurance Contributions Act. It includes Social Security (6.2%) and Medicare (1.45%) taxes, totaling 7.65% for most workers.
Does this calculator include state taxes?
The Basic mode uses a single estimated rate. The Detailed mode lets you enter separate federal, state, and FICA rates.
Can I calculate self-employment taxes?
Self-employed individuals pay both employer and employee portions of FICA (15.3%). Adjust the FICA rate in Detailed mode accordingly.
People Also Ask
How much is $50,000 after taxes?
At an estimated 22% tax rate, $50,000 annually leaves approximately $39,000 in take-home pay, or about $1,500 biweekly.
What percentage of my paycheck goes to taxes?
Most workers pay 20-30% in total taxes including federal, state, Social Security, and Medicare. Higher earners pay more.
How do I calculate my net pay?
Start with gross pay, subtract federal tax, state tax, FICA (7.65%), and any other deductions like health insurance or 401k.