Finance
Paycheck Calculator
Calculate your take-home pay after federal, state, and FICA taxes.
FAQs
What is FICA tax?
FICA stands for the Federal Insurance Contributions Act. it's a federal payroll tax that funds Social Security and Medicare. Most employees pay 7.65% of their gross pay.
Which states have no income tax?
As of 2024, Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, Washington, and Wyoming do not have a state-level income tax.
How is net pay different from gross pay?
Gross pay is the total amount you earn before any deductions. Net pay (or take-home pay) is what you actually receive in your bank account after all taxes and deductions are subtracted.