Net Hourly Pay Calculation:
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This calculator helps estimate your net hourly pay in Kentucky after accounting for federal tax, Kentucky state tax (5% flat rate), and FICA contributions. It's based on the ADP paycheck calculation methodology.
The calculator uses the following formula:
Where:
Details: Kentucky has a flat 5% state income tax rate. Federal tax varies based on your W-4 allowances and tax bracket. FICA is 7.65% (6.2% for Social Security + 1.45% for Medicare).
Tips: Enter your gross hourly wage, estimated federal tax per hour, and FICA amount. The calculator will automatically compute Kentucky state tax (5%) and your net hourly pay.
Q1: Why doesn't the calculator automatically compute federal tax?
A: Federal tax varies based on multiple factors (filing status, allowances, etc.), so we ask for your specific withholding amount.
Q2: Is Kentucky state tax really a flat 5%?
A: Yes, Kentucky has a flat income tax rate of 5% for all income levels.
Q3: What if I'm exempt from Kentucky state tax?
A: Military personnel and certain other groups may be exempt. In such cases, enter 0 for Kentucky state tax.
Q4: Does this include local taxes?
A: No, this calculator doesn't account for local taxes which some Kentucky cities/counties may impose.
Q5: How accurate is this calculator?
A: It provides a good estimate, but your actual paycheck may vary based on additional deductions or benefits.