1. What is this Calculator?

This calculator converts US net salary to AUD after accounting for US taxes and FICA contributions, using the current USD to AUD exchange rate.

2. How Does the Calculation Work?

The calculator uses the following formula:

Where:

• Gross Pay USD — Annual salary before deductions in US dollars
• US Taxes — Total federal and state income taxes withheld
• FICA — Social Security and Medicare taxes (7.65% of gross pay typically)
• USD to AUD Rate — Current exchange rate (e.g., 1.50 means 1 USD = 1.50 AUD)

3. Importance of Accurate Conversion

Details: Understanding your equivalent Australian salary helps with financial planning when relocating or comparing job offers between the US and Australia.

4. Using the Calculator

Tips: Enter your US gross pay, estimated taxes, FICA contributions, and current exchange rate. For most US employees, FICA is 7.65% of gross pay.

5. Frequently Asked Questions (FAQ)

Q1: What's included in US Taxes?
A: This should include federal income tax, state income tax (if applicable), and local taxes if any.

Q2: How do I find the current exchange rate?
A: Check financial websites like XE.com or your bank's exchange rates. The default is set to 1.50.

Q3: Does this account for Australian taxes?
A: No, this shows your US net salary converted to AUD. Australian taxes would apply to this amount when earned in Australia.

Q4: What if I have additional US deductions?
A: You can either include them in the "US Taxes" field or subtract them from your gross pay before entering.

Q5: Is FICA always 7.65%?
A: For most employees, yes (6.2% Social Security + 1.45% Medicare). High earners may have additional Medicare tax.