Net Hourly Calculation:
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The ADP Hourly Calculator helps estimate your net hourly salary in Texas by accounting for federal tax and FICA deductions from your gross hourly wage.
The calculator uses the following equation:
Where:
Explanation: This calculation provides an estimate of your take-home pay per hour after key deductions.
Details: Understanding your net hourly wage helps with budgeting, financial planning, and evaluating job offers in Texas.
Tips: Enter your gross hourly wage, estimated federal tax per hour, and FICA deductions per hour. All values must be positive numbers.
Q1: Why focus on Texas specifically?
A: Texas has no state income tax, so the calculation focuses on federal deductions only.
Q2: How accurate is this calculator?
A: It provides a basic estimate. Actual take-home pay may vary based on additional factors like benefits deductions or tax credits.
Q3: What's included in FICA?
A: FICA includes 6.2% for Social Security and 1.45% for Medicare (total 7.65% of gross pay).
Q4: How do I estimate my federal tax per hour?
A: You can use IRS withholding tables or ADP's tax calculator to estimate your hourly federal tax.
Q5: Does this account for overtime?
A: No, this calculates standard hourly pay. Overtime calculations would require additional factors.