Need help calculating paychecks?
One of the most useful and sought after, this paycheck calculator quantifies take-home pay for salaried employees. By accurately inputting federal withholdings, allowances, and any relevant exemptions, consider this paycheck calculator a strong indicator of what your employee’s wages will be.
Paycheck Calculator Frequently Asked Questions
What is a paycheck calculator?A paycheck calculator helps determine take-home pay (also known as net pay) for employees of an organization.
What information is found on a paycheck?There are several important details that can be found on a paycheck. Having this information readily available is handy for record keeping purposes. You can typically find the following:
- Check number
- Employer’s name
- Employer’s address
- Employee’s name
- Employee’s address
- Payment amount
- Employer’s bank account and routing number
Are paychecks and pay stubs different?Technically, yes, but they are equally as important and are often combined together as most states require employees to receive pay stubs. Pay stubs are critical for personal auditing and are helpful when completing year-end tax forms. A pay stub often includes:
- Gross pay
- Take-home (net) pay
- Hours worked
- Tax information (Federal and state income taxes, local taxes, Medicare/Social Security taxes)
- Wage garnishments
- Benefit deductions
- Year-to-date totals
- Paid time off (PTO) accruals
Netchex in Action
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