How accurate is this payroll calculator?

This calculator uses 2024 federal tax brackets and standard FICA rates (6.2% Social Security, 1.45% Medicare). State taxes are estimated based on the rate you enter. For precise withholding, consult your payroll provider or accountant.

What's the difference between gross and net pay?

Gross pay is the total salary before any deductions. Net pay (take-home pay) is what remains after subtracting federal taxes, FICA (Social Security and Medicare), state taxes, and any additional withholdings.

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Payroll Engine

Payroll Calculator

Calculate net pay with precision. Estimate federal withholding, FICA, and state taxes for any pay frequency instantly.

Annual Salary *

Pay Frequency *

Filing Status

State Tax Rate (%)

Additional Withholding per Pay Period

Net Pay per Period

$0.00

After taxes & deductions

Gross Pay$0.00

Deductions

Federal Income Tax-$0.00

Social Security (6.2%)-$0.00

Medicare (1.45%)-$0.00

State Tax (5%)-$0.00

Total Deductions-$0.00

Annual Summary

Gross Annual

$0.00

Net Annual

$0.00

Total Annual Taxes$0.00

Effective Tax Rate0%

Tax Logic

Payroll is the single largest expense for most businesses, and the most complex to administer. Understanding the "Tax Wedge"—the difference between total labor cost and net take-home pay—is vital for organizational health.

Federal & FICA

Federal income tax is progressive, while FICA is flat. Social Security (6.2%) and Medicare (1.45%) are mandatory deductions that fund future benefits.