1. What is Net Pay Calculation?

The net pay calculation determines take-home salary after accounting for taxes and deductions. This calculator specifically focuses on women's salaries in the US and UK, with optional adjustment for gender pay gap data.

2. How Does the Calculator Work?

The calculator uses the following formula:

With optional gender pay gap adjustment:

• US: Gross pay multiplied by 0.82 (women earn ~82% of men's pay)
• UK: Gross pay multiplied by 0.85 (women earn ~85% of men's pay)

Explanation: The calculation accounts for country-specific tax systems and allows for adjustment based on gender pay gap statistics.

3. Importance of Net Pay Calculation

Details: Understanding net pay helps with financial planning and highlights potential disparities in compensation between genders.

4. Using the Calculator

Tips: Enter gross annual salary, estimated taxes, and deductions. Select country and whether to apply gender pay gap adjustment.

5. Frequently Asked Questions (FAQ)

Q1: Why include gender pay gap adjustment?
A: To provide a more realistic picture of women's take-home pay accounting for systemic pay disparities.

Q2: What taxes are included?
A: For US: Federal + State + FICA. For UK: Income Tax + National Insurance.

Q3: What deductions should I include?
A: Common deductions include pension contributions, health insurance, and student loan payments.

Q4: How accurate are the gender pay gap figures?
A: Based on national averages - individual circumstances may vary.

Q5: Can I use this for men's salaries?
A: Yes, but leave gender pay gap adjustment set to "No".