Salary Paycheck Calculator Guide

Although our salary paycheck calculator does much of the heavy lifting, it may be helpful to take a closer look at a few of the calculations that are essential to payroll.

How to Calculate Net Income

1. Determine taxable income by deducting any pre-tax contributions to benefits.
2. Withhold all applicable taxes (federal, state and local).
3. Deduct any post-tax contributions to benefits.
4. Garnish wages, if necessary.
5. The result is net income (or take-home pay).

What is a Paycheck?

A paycheck is how businesses compensate employees for their work. The most common delivery schedules are bi-weekly and semi-monthly, though this varies based on employer preferences and applicable state laws and regulations.

Frequently Asked Questions About Paychecks

Is a pay stub the same as a paycheck?

Although paychecks and pay stubs are generally provided together, they are not one in the same. A paycheck is a directive to a financial institution that approves the transfer of funds from the employer to the employee. A pay stub, on the other hand, has no monetary value and is simply an explanatory document.