Salary Formula:
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This calculator helps California state employees determine their net pay after accounting for federal tax, California state tax, and FICA contributions. It provides a clear breakdown of take-home pay.
The calculator uses the following formula:
Where:
Explanation: The formula subtracts all mandatory deductions from the gross salary to determine the actual take-home pay.
Details: Understanding net pay is crucial for financial planning, budgeting, and verifying paycheck accuracy for California state employees.
Tips: Enter your annual gross salary and all deduction amounts in USD. All values must be positive numbers.
Q1: What is included in FICA?
A: FICA includes Social Security (6.2%) and Medicare (1.45%) taxes, totaling 7.65% of gross pay.
Q2: How is California state tax calculated?
A: California uses a progressive tax system with rates from 1% to 13.3% depending on income level.
Q3: Are there other deductions not included?
A: Yes, this calculator doesn't account for voluntary deductions like retirement contributions or health insurance.
Q4: How often should I calculate my net pay?
A: It's good practice to calculate whenever your salary or tax situation changes significantly.
Q5: Where can I find my exact deduction amounts?
A: Check your pay stubs or contact your HR department for precise deduction figures.