Payroll & Taxes
Paycheck Tax Calculator
Calculate your net pay, taxes, and deductions from gross income.
Income Details
Gross Annual Income
$
Your total annual income before taxes and deductions
Pay Period
How often you receive your paycheck
Tax Rates
Federal Income Tax
%
Effective federal income tax rate
State Income Tax
%
State income tax rate (0% in tax-free states)
FICA (Social Security + Medicare)
%
Combined Social Security (6.2%) + Medicare (1.45%)
Deductions
401(k) / Retirement
%
Pre-tax retirement contribution percentage
Health Insurance Premium
$
Monthly health insurance premium deducted from paycheck
Net
0%
Net Pay Per Paycheck
$0
take-home pay
Gross Pay
$0
Total Taxes
$0
Total Deductions
$0
Effective Tax Rate
0%
📊 Detailed Breakdown
| Category | Amount | % of Gross |
|---|
How the formula works
Net Pay = Gross Pay − (Gross Pay × Tax Rates) − (Gross Pay × Retirement %) − Health Premium
- Gross Pay = Annual Income ÷ Number of Pay Periods per Year
- Federal Tax = Gross Pay × Federal Tax Rate
- State Tax = Gross Pay × State Tax Rate
- FICA = Gross Pay × FICA Rate (Social Security + Medicare)
- Retirement Contribution = Gross Pay × Retirement %
- Net Pay = Gross Pay − Taxes − Retirement − Health Premium
- Effective Tax Rate = (Total Taxes ÷ Gross Pay) × 100