1. What is the Biweekly Net Pay Calculation?

The Biweekly Net Pay calculation determines how much take-home pay an employee receives every two weeks after all deductions. In New York City, this includes federal tax, state tax, city tax, and FICA (Social Security and Medicare) deductions.

2. How Does the Calculator Work?

The calculator uses the following formula:

Where:

• Gross Pay — Annual salary before deductions
• Federal Tax — Annual federal income tax
• New York State Tax — Annual state income tax
• New York City Tax — Annual city income tax (3.078% up to $12,000, etc.)
• FICA — Social Security (6.2%) and Medicare (1.45%) taxes
• 26 — Number of biweekly pay periods in a year

3. Importance of Accurate Net Pay Calculation

Details: Understanding your exact take-home pay helps with budgeting, financial planning, and ensuring proper tax withholding.

4. Using the Calculator

Tips: Enter your annual gross pay and all tax amounts in USD. The calculator will divide the net amount by 26 pay periods to show your biweekly take-home pay.

5. Frequently Asked Questions (FAQ)

Q1: How accurate is this calculator?
A: It provides a good estimate, but actual paychecks may vary slightly due to rounding or additional deductions.

Q2: What if I have pre-tax deductions?
A: Subtract pre-tax deductions (like 401k) from gross pay before entering it in the calculator.

Q3: Why divide by 26?
A: There are 52 weeks in a year, so biweekly pay means 26 pay periods (52 ÷ 2).

Q4: How do I find my exact tax amounts?
A: Check your W-4 form for federal tax, NY state tax forms, and NYC tax tables for local amounts.

Q5: Does this include bonuses or overtime?
A: No, those would need to be calculated separately as they're often taxed differently.