Paycheck Calculator
About the Paycheck Calculator
The paycheck calculator helps you estimate your gross pay, tax deductions, and net take-home pay based on your hourly wage, hours worked, overtime, and pay frequency.
By entering federal and state tax rates, this calculator shows how taxes affect your paycheck across weekly, biweekly, semimonthly, or monthly pay periods.
This tool is useful for budgeting, income planning, and understanding how changes in hours or pay frequency impact your take-home earnings.
Paycheck Calculator FAQs
How is my paycheck calculated?
Your paycheck is calculated by multiplying your hourly wage by hours worked, adding overtime pay if applicable, and then subtracting estimated federal and state taxes. The result is your net take-home pay.
What does pay frequency mean?
Pay frequency refers to how often you receive your paycheck, such as weekly, biweekly, semimonthly, or monthly. The frequency affects the paycheck amount but not your total annual income.
Does this paycheck calculator include overtime?
Yes. You can enter overtime hours, and the calculator will include overtime pay when estimating your gross and net paycheck amounts.
Are the tax amounts exact?
No. The calculator uses estimated federal and state tax percentages. Actual paycheck deductions may differ due to filing status, benefits, and other payroll factors.
Can I use this calculator for budgeting?
Yes. This paycheck calculator is useful for budgeting and financial planning by helping you understand how much income you can expect after taxes for each pay period.