1. What is the Salary Comparison Calculator?

This calculator compares two biweekly salary options by calculating their annual net values (after taxes and deductions) and showing the difference between them.

2. How Does the Calculator Work?

The calculator uses the following formula:

Where:

• \( Biweekly\ Pay1 \) — First salary option paid biweekly
• \( Taxes1 \) — Annual taxes for first option
• \( Deductions1 \) — Annual deductions for first option
• \( Biweekly\ Pay2 \) — Second salary option paid biweekly
• \( Taxes2 \) — Annual taxes for second option
• \( Deductions2 \) — Annual deductions for second option

Explanation: The calculator converts biweekly pay to annual amounts (×26 pay periods), subtracts taxes and deductions, then compares the net values.

3. Importance of Salary Comparison

Details: Comparing net salaries (after taxes and deductions) gives a true picture of compensation differences between job offers or salary options.

4. Using the Calculator

Tips: Enter biweekly pay amounts, estimated annual taxes, and annual deductions for both options. All values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: Why multiply biweekly pay by 26?
A: There are 26 biweekly pay periods in a year (52 weeks ÷ 2).

Q2: Should I include retirement contributions in deductions?
A: Yes, include all deductions that reduce your take-home pay (health insurance, retirement, etc.).

Q3: What if I don't know exact tax amounts?
A: Use estimates based on tax brackets or previous pay stubs. The more accurate your inputs, the more accurate the comparison.

Q4: Does this account for benefits differences?
A: No, this only compares monetary compensation. Consider benefits separately when evaluating job offers.

Q5: Can I compare weekly or monthly pay?
A: This calculator is designed for biweekly pay. Convert other pay frequencies to biweekly equivalents first.