Home
Back
Net Pay Calculation:
| From: | To: |
The Paycheck Calculator Massachusetts Salary Estimator helps you estimate your take-home pay after deductions for Massachusetts residents. It calculates net pay by subtracting taxes and FICA contributions from your gross pay.
The calculator uses the following formula:
Where:
Explanation: The calculator provides an estimate of your take-home pay after accounting for major payroll deductions.
Details: Understanding your net pay helps with budgeting, financial planning, and verifying paycheck accuracy. Massachusetts has a flat 5% state income tax rate as of 2023.
Tips: Enter your gross pay and estimated deductions in dollars. All values must be positive numbers. For most employees, FICA is 7.65% of gross pay (6.2% for Social Security + 1.45% for Medicare).
Q1: What's the difference between gross pay and net pay?
A: Gross pay is your total earnings before deductions, while net pay is the amount you actually receive after taxes and other deductions.
Q2: What is Massachusetts state income tax rate?
A: Massachusetts has a flat 5% state income tax rate as of 2023, though certain deductions and exemptions may apply.
Q3: What is included in FICA?
A: FICA includes Social Security (6.2%) and Medicare (1.45%) taxes. Some high earners may pay additional Medicare tax.
Q4: Are there other deductions not included here?
A: Yes, this calculator doesn't account for retirement contributions, health insurance premiums, wage garnishments, or other voluntary deductions.
Q5: How often should I check my paycheck?
A: It's good practice to review every paycheck to ensure accuracy, especially after changes in tax status or pay rate.