Net Pay Calculator
net pay calculator. Get instant, accurate results. Enter values for instant results with step-by-step formulas.
Reviewed by Sahil, Senior Finance & Tax Editor
Reviewed by Sahil, Senior Finance & Tax Editor
Formula
Net = Gross - Federal Tax - State Tax - SS (6.2%) - Medicare (1.45%) - Pre-Tax Deductions
Calculates take-home pay after all deductions. Pre-tax deductions like 401k and health insurance reduce taxable income. Federal tax uses 2024 brackets.
Worked Examples
Example 1: $60K salary, semimonthly
Problem:$60,000/yr, 24 periods, single, 5% state
Solution:Gross/period: $2,500. After std deduction, federal ~$280, state ~$125, SS ~$155, Med ~$36
Result:Net ≈ $1,904 per paycheck
Reviewed by Sahil, Senior Finance & Tax Editor · Editorial policy