1. What is Net Hourly Wage?

Net hourly wage is the amount you actually take home per hour after deducting federal taxes and FICA (Social Security and Medicare) contributions. In Florida, there is no state income tax, so these are the primary deductions.

2. How Does the Calculator Work?

The calculator uses the simple formula:

Where:

• Gross Hourly — Your wage before any deductions ($/hour)
• Federal Tax — Estimated federal income tax withheld ($/hour)
• FICA — Social Security and Medicare taxes ($/hour)

Explanation: This calculation shows your actual take-home pay per hour after mandatory federal deductions.

3. Importance of Calculating After-Tax Wages

Details: Knowing your net hourly wage helps with budgeting, comparing job offers, and understanding your true earnings. Florida's lack of state income tax means take-home pay may be higher than in other states.

4. Using the Calculator

Tips: Enter your gross hourly wage and estimated federal tax and FICA amounts. These can typically be found on your pay stub or estimated using tax calculators.

5. Frequently Asked Questions (FAQ)

Q1: Why doesn't this calculator include state tax?
A: Florida has no state income tax, so only federal taxes and FICA apply.

Q2: How accurate is this calculator?
A: It provides a basic estimate. Actual take-home pay may vary based on additional deductions (retirement, health insurance, etc.).

Q3: What's the current FICA rate?
A: FICA is typically 7.65% (6.2% Social Security + 1.45% Medicare) of gross wages.

Q4: Are there other deductions in Florida?
A: While no state income tax, local taxes or other deductions may apply depending on your employer.

Q5: How can I estimate my federal tax?
A: Use IRS withholding calculators or check your most recent pay stub for federal tax withholding amounts.