Payroll Calculator
Calculate net pay with precision. Estimate federal withholding, FICA, and state taxes for any pay frequency.
Net Pay per Period
$0.00
After taxes & deductions
Deductions
Annual Summary
Gross Annual
$0.00
Net Annual
$0.00
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 both employers and employees.
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.
Employer Burden
Employers match the employee's FICA contribution. This "hidden tax" adds 7.65% to the cost of every employee above their gross salary.
Paycheck formula
Net Pay = Gross Pay - (Federal Tax + State Tax + FICA + Benefits). Optimizing your W-4 can increase your liquid cash flow per paycheck.
Top Line
Gross Pay
Deduction
Taxes
Bottom Line
Net Pay
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