1. What is the Net Pay Calculation?

The net pay calculation determines take-home pay by subtracting federal taxes and FICA contributions from gross salary. This calculator is specifically designed for Florida school employees in 2025.

2. How Does the Calculator Work?

The calculator uses the following equation:

Where:

• \( Gross\ Pay \) — Total annual salary before deductions
• \( Federal\ Tax \) — Estimated federal income tax withholding
• \( FICA \) — Social Security and Medicare contributions (7.65% of gross pay typically)

Explanation: The calculation provides an estimate of annual take-home pay after mandatory federal deductions.

3. Importance of Net Pay Calculation

Details: Understanding net pay helps school employees with financial planning, budgeting, and verifying paycheck accuracy.

4. Using the Calculator

Tips: Enter your annual gross salary, estimated federal tax withholding, and FICA contributions. All values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: What is included in FICA?
A: FICA includes Social Security (6.2%) and Medicare (1.45%) taxes. For 2025, the Social Security wage base limit is expected to be $147,000.

Q2: Are Florida state taxes included?
A: No, Florida has no state income tax, so only federal taxes are deducted.

Q3: What about other deductions?
A: This calculator only includes mandatory federal deductions. Retirement contributions, health insurance, etc. would be additional deductions.

Q4: How accurate is this for part-time employees?
A: The calculation works the same way, but ensure you're entering annualized amounts for all values.

Q5: Where can I find my federal tax withholding?
A: Check your pay stubs or W-4 form. The amount depends on your filing status and allowances.