1. What is the Salary Calculator?

This calculator helps you determine your net pay in Texas by subtracting federal tax and FICA contributions from your gross pay. Note that Texas sales tax is not deducted from salary.

2. How Does the Calculator Work?

The calculator uses the following formula:

Where:

• Gross Pay — Your total annual salary before deductions
• Federal Tax — Estimated federal income tax amount
• FICA — Social Security and Medicare contributions

Explanation: The equation calculates take-home pay by subtracting mandatory deductions from your gross salary.

3. Importance of Net Pay Calculation

Details: Understanding your net pay helps with budgeting, financial planning, and knowing your actual disposable income after taxes.

4. Using the Calculator

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

5. Frequently Asked Questions (FAQ)

Q1: Why isn't Texas sales tax deducted?
A: Sales tax is applied to purchases, not deducted from salary. This calculator focuses on payroll deductions.

Q2: What's included in FICA?
A: FICA includes Social Security (6.2%) and Medicare (1.45%) taxes, totaling 7.65% of your gross pay.

Q3: How do I estimate my federal tax?
A: Federal tax depends on filing status and deductions. Use IRS tax tables or a tax calculator for accurate estimates.

Q4: Are state taxes included?
A: Texas has no state income tax, so only federal taxes are considered in this calculation.

Q5: What about other deductions?
A: This calculator shows mandatory deductions. For complete net pay, you'd need to account for other deductions like health insurance or retirement contributions.