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Paycheck Calculator: How to Calculate Your Net Pay After Taxes

Paycheck Calculator: How to Calculate Your Net Pay After Taxes Your take-home pay is your gross income minus federal taxes, state taxes, Social Security, Medicare, and any deductions. For a $60,000 salary in a state with no income tax, you can expect roughly $47,000 in annual take-home pay, or about $1,808 per biweekly paycheck. A first $55,000 salaried position often brings a surprise: a biweekly pay stub showing $1,642 instead of the $2,115 that a simple gross-pay split would suggest. That $473 gap typically breaks down to about $264 to federal taxes, $131 to FICA, and $78 to state income tax. Understanding every line on a paycheck matters before making financial commitments. Use our Paycheck Calculator(/finance/paycheck-calculator) to get an accurate estimate of your net pay based on your specific situation. !Gross to net paycheck deductions breakdown showing federal tax, state tax, Social Security, Medicare, health insurance, and 401k on $60,000...