# Net Pay Calculation by n26GQ3

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```									                                    Net Pay Calculation

Gross Pay (Yearly)                                               ______________

Gross Pay Monthly (Yearly divided by 12)                         ______________

DEDUCTIONS

Federal Tax (Use the Tax tables provided below)    ______________

State Tax (6% (.06) of your monthly gross pay for simplicity)    ______________

FICA (Monthly Gross pay times 6.20% (.0620))                     ______________

Medicare (Monthly Gross Pay times 1.45 % (.0145))                ______________

Monthly Net Pay (Gross Pay minus all deductions)                 ______________

If the taxable income is…              Computed Tax is…
Over                 But Not over      The total of this   The % in this   The amount
column              column          over (Taxable
PLUS>>>             TIMES>>         income less the
amount in this
column)
817                  2625              59.60               15%             817
2625                 5813              330.80              25%             2625

For those with salaries of \$27,500 and \$30,000
((Gross pay / 12) -817)*.15=_________ + 59.60 = Monthly withoholding
For those with salaries of \$32,500 - \$45,000
((Gross pay / 12) -2625)*.25=_________ + 330.80 = Monthly withoholding

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