Payroll & Paycheck Calculator
Calculate exact net paychecks for hourly or salaried employees, factoring in overtime, taxes, 401(k), and health deductions.
Wage & Schedule Settings
Configure pay rates, overtime, and deductions.
Additional 0.9% Medicare applies above threshold.
Itemized Paycheck Stub Breakdown
How Payroll Withholding and Overtime Calculations Work
Bottom Line: Net paycheck earnings equal gross wages (regular + overtime) minus pre-tax deductions (401k, health) minus statutory tax withholdings (Federal, State, Social Security 6.2%, and Medicare 1.45%).
Your net take-home paycheck represents gross earnings minus pre-tax deductions (401k, health insurance), statutory mandatory FICA withholdings (Social Security & Medicare), and progressive federal and state income taxes.
Pay Frequency Cross-Conversion & Working Hours Reference
Standardized pay period divisions assuming a standard 40-hour work week (2,080 hours annually):
| Pay Frequency | Paychecks per Year | Hours per Paycheck | Gross Pay Conversion Formula |
|---|---|---|---|
| Weekly | 52 Paychecks | 40 Hours | Annual Salary / 52 |
| Bi-Weekly (Most Common US) | 26 Paychecks | 80 Hours | Annual Salary / 26 (Includes 2 "three-paycheck" months) |
| Semi-Monthly | 24 Paychecks | 86.67 Hours | Annual Salary / 24 (15th & Last Day of Month) |
| Monthly | 12 Paychecks | 173.33 Hours | Annual Salary / 12 |
Federal FLSA Overtime Rules
Under the Fair Labor Standards Act (FLSA), non-exempt hourly employees working over 40 hours in a workweek receive overtime at one and one-half times (1.5x) their regular hourly rate.