Free Salary Paycheck Calculator
Try this free paycheck calculator to estimate take-home pay for salaried employees.
These calculators are provided for estimates only. Calculations will not affect SurePayroll account information. You must enter payroll data directly into your SurePayroll account to process it for an upcoming payroll period. Log into your account here or by clicking Sign In at the top of the page. Please direct specific SurePayroll questions to Customer Care after logging in.
Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide legal, investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regard to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Free Payroll Calculator for Salaried Employees
Use our free salary calculator to quickly estimate net pay (take-home pay) for salaried employees.
You can use the salary take-home calculator to check different withholding and deduction scenarios. This can include an estimated raise, changes to retirement contributions, health insurance premiums, or updates to dependents.
Just enter the required information to estimate your results.
Benefits of Using a Payroll Calculator
Employers
Employers can use a paycheck tax calculator to estimate federal, state and local income tax withholding for an employee. A payroll calculator can also help estimate paycheck deductions for benefits like health insurance and retirement plans.
The calculator does not cover employer-paid payroll taxes such as FUTA (Federal Unemployment Tax Act), SUI (State Unemployment Insurance), or the employer portion of FICA (Social Security and Medicare).
Many business owners consult with an accountant, bookkeeper, or tax professional on how to set up their payroll process. Some people choose payroll software to help them manage their small business payroll and payroll tax.
The bottom line: Whether you plan to run payroll yourself, hire a financial expert, or use a payroll service, you may need help understanding what federal, state and local laws apply.
A simple oversight or tax filing error can trigger an audit, costly penalties, and cause you considerable time and trouble.
Employees
Employees can use a net pay calculator to estimate their take-home pay. They can also test how different pay rates, deductions and dependents affect their net pay.
You can also use a salary paycheck calculator to help you answer questions about your finances.
Free payroll calculators from SurePayroll® By Paychex offer employers and employees simple tools to help estimate pay, withholding, deductions, and other paycheck calculations.
How Do You Calculate Take-home Pay?
A paycheck calculator allows you to quickly calculate take-home pay.
Generally, you can calculate your take-home—or net pay—in these steps:
- determine your taxable income by deducting pre-tax contributions, such as retirement plan contributions, from your gross pay
- subtract all applicable local, state, and federal taxes
- deduct post-tax contributions for items like healthcare
- minus any additional withholdings, such as wage garnishments
How Much Tax is Taken Out of a Paycheck?
Calculating how much tax is taken out of a paycheck differs for everyone.
Several factors affect paycheck tax deductions. This includes a person’s earnings, their federal filing status, and state income tax rate. The number of allowances they claim is also important.
You can use the salary take home calculator to find out how much tax is taken out of a paycheck.
Or to determine an estimated percentage of taxes deducted from your check:
- Review current income tax brackets to calculate federal income tax.
- Calculate Social Security and Medicare (FICA) taxes.
- Determine if state income and local income tax apply.
- Divide the sum of all taxes by your gross pay.
How Do You Calculate Annual Income?
Generally, to find the annual salary, multiply the gross pay from one paycheck by the number of pay periods in a year. Gross pay is the amount before taxes.
For example, if you earn $2,000 every other week before taxes your calculation would be: $2,000 every two weeks x 26 pay periods for a total salary of $52,000.
Simplify Payroll and Tax Calculations
Ready to leave the hassle of running payroll, payroll taxes, and deductions behind?
With SurePayroll you can run payroll in minutes from anywhere in three simple steps: enter hours, review payroll, and approve.
