Universal Converter Pro

Paycheck Calculator (Take-Home Pay)

Estimate your take-home pay after taxes and deductions. Calculate based on your annual salary or hourly wage, including overtime.

Deductions (Estimates)

Related Finance & Tax Calculators

How to Use the Paycheck Calculator

  1. Select Pay Type: Choose whether you are paid an annual salary or by the hour.
  2. Enter Your Pay: Input your gross salary or hourly wage. If hourly, also enter your hours worked per week and any overtime.
  3. Input Deductions: Enter your estimated federal and state tax rates, plus any other pre-tax deductions (like 401k contributions or health insurance).
  4. Calculate: See a breakdown of your gross pay, total deductions, and final take-home pay for different pay periods.

Frequently Asked Questions (FAQ)

Is this calculation exact?

No, this is an estimation. Actual payroll calculations are very complex and depend on your specific W-4 filing status, state and local taxes, and benefit plans. This tool provides a good general idea of your take-home pay but should not be used for official purposes.

What is the difference between Gross Pay and Net Pay?

Gross Pay is the total amount of money you earn before any taxes or deductions are taken out. Net Pay, also known as "take-home pay," is the amount of money you actually receive in your paycheck after all deductions have been subtracted.

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