Calculate your net pay from gross salary. See federal tax, state tax, Social Security, Medicare deductions, and effective tax rate.
Gross pay is your total earnings before any deductions. Net pay (take-home pay) is what you actually receive after federal tax, state tax, Social Security, Medicare, and other deductions.
This provides a simplified estimate using 2024 tax brackets. Actual withholding depends on W-4 selections, pre-tax deductions (401k, health insurance), and state-specific rules.
FICA (Federal Insurance Contributions Act) includes Social Security tax (6.2%) and Medicare tax (1.45%). Your employer matches these amounts, paying another 7.65%.