Payroll Tax Calculator
Calculate your net pay after federal, state, Social Security, and Medicare taxes. See per-paycheck deductions and employer cost breakdown.
| Item | Per Paycheck | Monthly | Annual |
|---|---|---|---|
| Gross Pay | $2,884.62 | $6,250.00 | $75,000 |
| Federal Tax | -$320.81 | -$695.08 | -$8,341 |
| Social Security | -$178.85 | -$387.50 | -$4,650 |
| Medicare | -$41.83 | -$90.63 | -$1,088 |
| State Tax | -$120.35 | -$260.76 | -$3,129 |
| Net Pay | $2,222.78 | $4,816.03 | $57,792 |
Federal Brackets: Based on 2024 tax brackets. Uses standard deduction only (no itemized deductions, credits, or pre-tax contributions).
FICA: Social Security is 6.2% on wages up to $168,600. Medicare is 1.45% on all wages, plus an additional 0.9% on wages above the threshold.
State Taxes: Simplified estimates for the top 10 states by population. Actual state taxes may vary based on local taxes, credits, and deductions.
Disclaimer: This calculator provides estimates for educational purposes only. It does not account for pre-tax deductions (401k, health insurance), tax credits, local taxes, or individual circumstances. Consult a tax professional for accurate calculations.
How to Use Payroll Tax Calculator
- 1Enter your gross salary
- 2Select pay frequency and state
- 3Choose filing status
- 4Review net pay and all deductions
Frequently Asked Questions
What is the Social Security tax rate?▾
Social Security tax is 6.2% of gross wages up to the wage base ($168,600 in 2024). Your employer also pays 6.2%, making the total 12.4%.
What is the Medicare tax rate?▾
Medicare tax is 1.45% with no wage base limit. High earners pay an additional 0.9% on wages over $200,000 (single) or $250,000 (married filing jointly).
How much of my paycheck goes to taxes?▾
Total payroll deductions typically range from 20-35% of gross pay, depending on income level, filing status, state, and pre-tax benefits.
About Payroll Tax Calculator
Calculate your net pay after federal, state, Social Security, and Medicare taxes. See per-paycheck deductions and employer cost breakdown.
NexTool's Payroll Tax Calculator is completely free to use with no sign-up required. Your data is processed directly in your browser and never sent to our servers, ensuring complete privacy and instant results.
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