Payroll Tax Calculator
Calculate payroll taxes, deductions, and net pay for employees. Supports US federal taxes, state taxes, FICA, Medicare, and multiple pay frequencies.
Step 1: Employee Information
Understanding Payroll Taxes
Payroll taxes include federal income tax, Social Security (6.2%), Medicare (1.45%), and state/local taxes. Employers also pay matching FICA taxes.
Step 2: Deductions & Withholdings
Tax Information 2024
Federal Tax Brackets: 10% to 37%
Social Security: 6.2% on first $168,600
Medicare: 1.45% (2.35% over $200,000)
Standard Deduction: $14,600 (Single)
Payroll Tax Calculation Results
Net Take-Home Pay (Per Year)
Detailed Tax Breakdown
| Tax Type | Rate | Amount | Annual Total | Notes |
|---|
Calculation Notes
Based on 2024 IRS tax brackets and rates. FICA includes Social Security (6.2%) and Medicare (1.45%). State taxes vary by location. Pre-tax deductions reduce taxable income.
Tax Calculation Details
Federal Income Tax Calculation
Taxable Income: $50,000 – $14,600 (standard deduction) = $35,400
Tax Calculation:
• 10% on first $11,600: $1,160
• 12% on next $23,800 ($35,400 – $11,600): $2,856
Total Federal Tax: $4,016 + $252 (additional withholding) = $4,268
FICA Taxes (Social Security & Medicare)
Social Security: 6.2% × $50,000 = $3,100
Medicare: 1.45% × $50,000 = $725
Total FICA: $3,825
Note: Employer matches these amounts.
State Tax Information
State taxes vary significantly. Some states (TX, FL, NV) have no state income tax. Others have progressive tax systems (CA, NY) or flat taxes (IL, PA). This calculator uses average state tax rates for estimation.
Take-Home Pay Calculation
Gross Income: $50,000
Less Federal Tax: -$4,268
Less FICA Taxes: -$3,825
Less State Tax: -$0
Net Annual Pay: $41,907
Monthly Equivalent: $3,492
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