Paycheck Calculator

For Wages Paid in 2018 © 2010-2018 Vertex42 LLC

Paycheck Calculator

Gross Pay
Gross Pay: $ 3,500.00
Pay Period: Monthly

N E T Tak e-H om e
Est. Gross Annual Pay: $ 42,000.00
3,000
Filing Status and Withholdings

P ay
Filing Status: Single
2,500
Number of Allowances: 2
Pre-Tax Adjustments
Tax Deferral Plan, 401(k): 5.00% 2,000

Health Insurance Premiums: $ -

Other Pre-Tax Deductions: $ - 1,500
Federal Taxable Gross: $ 2,633.40
Post-Tax Adjustments

S ec urity (6.2% )
1,000
State & Local Taxes: 5.30%

S tate & Loc al

F ederal Tax
F IC A S oc ial
F IC A M edic are

Tax D eferral
Other Post-Tax Deductions: $ -
Post-Tax Reimbursements: $ - 500

(1.45% )

Tax es
P lan

R eim burs em ent

Estimated Pay Check

D educ tions

educ tions
rem ium s
Ins uranc e
0

P os t-Tax
NET Take-Home Pay 2,654.55

PPre-Tax
H ealth

P osDt-Tax
FICA Social Security (6.2%) 217.00
FICA Medicare (1.45%) 50.75

s
Federal Tax 263.13
Tax Deferral Plan 175.00
Health Insurance Premiums 0.00
Pre-Tax Deductions 0.00
State & Local Taxes 139.57
Post-Tax Deductions 0.00
Post-Tax Reimbursements 0.00

Caution:
This calculator is for educational and illustrative purposes only and should not be construed as financial or tax advice.
The results are only estimates and may not apply to your specific situation.
Please consult a qualified professional regarding financial decisions.
Federal Tax Tables
These tables are used to estimate the federal tax withholding and need to be updated each
year. The federal tax is calculated by multiplying the Federal Taxable Gross by the number of
payments per year, then using the ANNUAL Table to calculate the withholding. The Federal
Taxable Gross is the Gross Pay minus the Allowances minus the pre-tax withholdings and
deductions.

2018 ANNUAL Table for Percentage Method for Income Tax Withholding
Source: IRS Publication 15, Table 7, pg 46
https://www.irs.gov/pub/irs-pdf/p15.pdf https://www.irs.gov/pub/irs-pdf/n1036.pdf
SINGLE
Excess over Withhold Percent
0.00 0.00 0.0%
3,700.00 0.00 10.0%
13,225.00 952.50 12.0%
42,400.00 4,453.50 22.0%
86,200.00 14,089.50 24.0%
161,200.00 32,089.50 32.0%
203,700.00 45,689.50 35.0%
503,700.00 150,689.50 37.0%
MARRIED
Excess over Withhold Percent
0.00 0.00 0.0%
11,550.00 0.00 10.0%
30,600.00 1,905.00 12.0%
88,950.00 8,907.00 22.0%
176,550.00 28,179.00 24.0%
326,550.00 64,179.00 32.0%
411,550.00 91,379.00 35.0%
611,550.00 161,379.00 37.0%

Percentage Method - 2018 Amount for One Withholding Allowance

Source: IRS Publication 15, Table 5, pg 44
https://www.irs.gov/pub/irs-pdf/p15.pdf https://www.irs.gov/pub/irs-pdf/n1036.pdf
Pay Period Periods per Year Allowance
Weekly 52 79.80
Biweekly 26 159.60
Semimonthly 24 172.90
Monthly 12 345.80
Quarterly 4 1,037.50
Semiannually 2 2,075.00
Annually 1 4,150.00
Paycheck Calculator
By Vertex42.com
https://www.vertex42.com/Calculators/paycheck-calculator.html

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