TimeTrex’s United States free paycheck tax calculator is designed to provide an easy-to-navigate platform for accurate payroll tax calculations. Here’s how to use the dropdown menu to get the information you need:
Country and Province/State Selection:
Federal and Provincial Claim Amounts:
Annual Pay Periods:
Gross Wage Per Pay Period:
Pay Date:
Calculate:
A payroll or paycheck calculator is an essential tool designed to automate the calculation of employee wages. It takes into account various factors such as hours worked, tax rates, and other deductions to determine the net pay and taxes paid.
Taxable Income | Rate |
---|---|
$0 - $10,275 | 10% |
$10,276 - $41,775 | 12% |
$41,776 - $89,075 | 22% |
$89,076 - $170,050 | 24% |
$170,051 - $215,950 | 32% |
$215,951 - $539,900 | 35% |
$539,901+ | 37% |
Taxable Income | Rate |
---|---|
$0 - $20,550 | 10% |
$20,551 - $83,550 | 12% |
$83,551 - $178,150 | 22% |
$178,151 - $340,100 | 24% |
$340,101 - $431,900 | 32% |
$431,901 - $647,850 | 35% |
$647,851+ | 37% |
Taxable Income | Rate |
---|---|
$0 - $10,275 | 10% |
$10,276 - $41,775 | 12% |
$41,776 - $89,075 | 22% |
$89,076 - $170,050 | 24% |
$170,051 - $215,950 | 32% |
$215,951 - $323,925 | 35% |
$323,926+ | 37% |
Taxable Income | Rate |
---|---|
$0 - $14,650 | 10% |
$14,651 - $55,900 | 12% |
$55,901 - $89,050 | 22% |
$89,051 - $170,050 | 24% |
$170,051 - $215,950 | 32% |
$215,951 - $539,900 | 35% |
$539,901+ | 37% |
When you embark on a new job or receive a salary increase, calculating your actual take-home pay involves more than a straightforward multiplication of your hourly wage or a simple division of your annual salary. This complexity arises because your employer is required to withhold a portion of your earnings for taxes, which significantly impacts the net amount you receive. Understanding these deductions is crucial, and TimeTrex’s paycheck calculator is designed to simplify process for you.
This is the portion of your paycheck withheld for taxes, predominantly for income taxes. The federal government requires these withholdings throughout the year, and they’re based on the information you provide in your W-4 Form.
To be exempt from federal income tax withholding, you must meet specific criteria, including having zero tax liability in the previous year and expecting the same for the current year.
Year | Rate |
---|---|
2022 | 37.00% |
2021 | 37.00% |
2020 | 37.00% |
2019 | 37.00% |
2018 | 37.00% |
2017 | 39.60% |
2016 | 39.60% |
2015 | 39.60% |
2014 | 39.60% |
2013 | 39.60% |
2012 | 35.00% |
*This document serves as an initial reference for understanding an employer’s responsibilities in managing their workforce. It is not an exhaustive guide on the subject. The document presents useful insights and is shared with the acknowledgement that this guide is not intended to be legal, tax or other specialized advice.
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