What is the difference between Gross and Net pay?
Gross pay is total earnings before any deductions; Net pay is the actual cash deposited in your bank account after taxes and benefits.
How to Use Paycheck & Take-Home Estimator
Step 1: Gross Pay
Enter annual or per-paycheck gross earnings.
Step 2: Deduction Rates
Enter estimated tax bracket, FICA rates, and retirement 401(k) percentage.
Step 3: Get Net Pay
View net take-home paycheck amount and deduction breakdown.
Key Features & Capabilities
- Customizable tax and pre-tax deduction percentages
- Breakdowns per paycheck, monthly, and annually
Frequently Asked Questions
What is FICA tax?
FICA consists of federal Social Security (6.2%) and Medicare (1.45%) payroll taxes withheld from employee earnings.
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