Enter your gross salary and tax brackets to see your net income.
Gross pay of 2,400 every two weeks, with Bi-weekly selected, 12 percent federal, 4 percent state, and the Social Security and Medicare fields left at 6.2 and 1.45.
The tool prints: net pay per two weeks $1832.40; annual take-home $47642.40 (monthly: $3970.20); weekly take-home $916.20.
The four percentage fields are added and the total is applied to every dollar of the annual gross. That single sentence describes the whole model, and it is the thing to keep in mind before treating the output as a payslip. There are no tax brackets here: nothing is taxed at one rate up to a threshold and a higher rate above it. There is no standard deduction, no personal allowance, no filing status and no dependants. There is no wage base above which the Social Security percentage stops, and no additional Medicare rate on higher earnings. There is no city or local tax field. What you get is a clean answer to the question "if my overall rate were 23.65 percent, what would I keep" - useful for comparing offers or sanity-checking a budget, and not a substitute for a real payslip or a tax return.
The most common mistake is typing a marginal bracket rate into the federal field. Because that rate is then applied to the whole of your income rather than the top slice of it, the result overstates the tax and understates what you keep. What belongs in that field is an effective rate: if you have a recent payslip or a filed return, divide the income tax actually paid by the gross for the same period and multiply by 100. The Social Security and Medicare fields are different, because those are genuinely flat percentages on wages within their limits, which is why the tool pre-fills them at 6.2 and 1.45.
The figure you enter is annualised first, taxed once, and only then divided back out into the per-period, monthly and weekly lines. That keeps every line consistent with every other: 1,832.40 x 26 comes back to 47,642.40 exactly, and so does 916.20 x 52. It also means the weekly line is a true 52nd of the annual net, not the per-period figure cut in half, which are different numbers for anyone paid every two weeks.
Being paid every two weeks means 26 payments a year, which is what the Bi-weekly option assumes. Being paid twice a month - on the 15th and the last day, say - means 24, and there is no option for it here. If that is how you are paid, add the two payments together and enter that with Monthly selected, or enter your annual gross with Annually selected. Picking Monthly and entering only one of the two payments annualises half your income and every figure on screen will be half what it should be.
Probably not, and it is not meant to be. It applies one flat rate that you type in to your whole income, so it does not model tax brackets, allowances, filing status, pre-tax deductions or any local tax. It is a way to see what a given overall rate leaves you with. For the real figure, use a payslip or your tax authority official calculator.
An effective rate rather than your bracket rate. Entering the bracket applies that rate to every dollar you earn instead of only the top slice, which makes the answer too low. If you have a payslip or a return to hand, divide the income tax paid by the gross pay for the same period and multiply by 100; that figure is what this field is shaped for.
No. There is no deduction field of any kind, so the whole gross figure is taxed. If your contributions come out before tax, a closer approximation is to subtract them from the gross before entering it - which changes the taxable base but still will not reproduce a real payslip, since the underlying model has no brackets.
Not in this tool. Whatever percentages sit in those two fields are applied to every dollar of the annual gross, with no upper limit and no extra rate at higher earnings. For incomes where a wage base or an additional rate would apply in practice, the figure here will not match a payslip. They are pre-filled at 6.2 and 1.45 for convenience and both are editable.
One licence key, pasted into any CYZOR tool. Today it does three things: drops the CYZOR line from PDFs you send for signature, takes CYZOR branding off your forms and adds CSV export, and switches on the AI rewrite in the resume builder.