Deductions
Take-home pay
$3,800.00
Each month
From these numbers
Gross pay is $5,000.00 each month, which is $60,000.00 a year (12 periods).
Income tax at 20% of gross is $1,000.00. Other deduction is $200.00 for the period.
Deductions total $1,200.00. Take-home pay is $3,800.00 this period, and $45,600.00 a year.
Each percent is of gross pay, not of what remains after other deductions. The rates are the ones entered here.
Gross this period
$5,000.00
Deductions
$1,200.00
Take-home this year
$45,600.00
Gross this year
$60,000.00
The rates are the ones you type. This page does not store a tax bracket, and the result is not tax advice.
Learn more
How this calculator works and what to know before using it
What this calculator does
Subtracts the taxes and other deductions you type from gross pay, for one paycheck and for the year.
Understanding your result
Take-home pay is what remains of this paycheck after the deductions you entered. The yearly figure repeats that paycheck for every period in the year.
How to use it
- Enter gross pay and how often you are paid.
- Add each deduction as a percent of gross or a flat amount for that paycheck.
- Read take-home pay for the period and for the year.
Formula used
Gross pay minus the deductions entered
A percent deduction is that percent of gross pay, rounded to the cent. A flat deduction is the amount entered, rounded to the cent. Take-home pay is gross minus those amounts. Yearly has 1 period, monthly 12, twice a month 24, every two weeks 26, and weekly 52.
Source. Each percent is that percent of gross pay for the period, rounded to the cent. A flat deduction is the amount entered, rounded to the cent. Take-home pay is gross minus those amounts. Percents are not applied to what remains after other deductions. Yearly is 1 period, monthly is 12, twice a month is 24, every two weeks is 26, and weekly is 52. The annual lines multiply the period amounts by that count. The rates are the ones entered on the page. This page does not store a tax bracket.
Updated November 1, 2026
Example
Gross pay is $5,000.00 each month, which is $60,000.00 a year (12 periods). Income tax at 20% of gross is $1,000.00. Other deduction is $200.00 for the period. Deductions total $1,200.00. Take-home pay is $3,800.00 this period, and $45,600.00 a year. Each percent is of gross pay, not of what remains after other deductions. The rates are the ones entered here.
Good to know
- Each percent comes off gross pay. A second percent is not applied to what remains.
- This page does not store a tax bracket. The rates are the ones you type.
- Twice a month is 24 paychecks a year. Every two weeks is 26.
Common questions
- Why doesn't this page look up my tax bracket?
- Tax brackets differ by country and change every year. You type the percent or the flat amount from your own paycheck, and the page subtracts that.
- What is the difference between twice a month and every two weeks?
- Twice a month is 24 paychecks a year. Every two weeks is 26. The same gross paycheck is a higher annual amount on the 26-paycheck schedule.
- Does a second percent come off what is left?
- No. Every percent is of the gross paycheck. Two 10% deductions remove 20% of gross, each rounded to the cent before they are added.
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