Salary Calculator
Convert between different pay periods and calculate your take-home pay. Factor in taxes, benefits, and deductions to understand your true earnings and plan your finances effectively.
Salary Information
Enter your salary details
Quick Salary Facts
Full-Time Hours
Standard full-time is 40 hours/week × 52 weeks = 2,080 hours/year
Quick Conversion
Annual salary ÷ 2,080 = hourly rate (for full-time)
Tax Impact
Typical take-home is 70-80% of gross salary after taxes and deductions
Salary Breakdown
Take-Home Pay Analysis
Monthly Take-Home Breakdown
Annual Deductions Breakdown
Additional Benefits Value
Understanding Your Paycheck
Your paycheck includes various deductions that reduce your take-home pay from your gross salary:
- Gross Pay: Your total earnings before any deductions
- Federal Taxes: Income tax paid to the federal government
- State Taxes: Income tax paid to your state (varies by state)
- FICA Taxes: Social Security (6.2%) and Medicare (1.45%)
- Pre-tax Deductions: 401(k), health insurance, reduce taxable income
- Net Pay: Your actual take-home pay after all deductions
Salary Negotiation Tips
- Research Market Rates: Know the typical salary range for your position and location
- Consider Total Compensation: Include benefits, bonuses, and perks in negotiations
- Highlight Value: Demonstrate your contributions and achievements
- Be Flexible: Consider non-salary benefits like flexible hours or professional development
- Get it in Writing: Ensure any agreed-upon terms are documented
- Practice Your Pitch: Be prepared to articulate your value proposition
Maximizing Your Benefits
- 401(k) Match: Always contribute enough to get the full employer match
- Health Savings Account: Use HSA for triple tax advantages if available
- Flexible Spending: Use FSA for predictable medical expenses
- Insurance Coverage: Review options during open enrollment
- Professional Development: Take advantage of training and education benefits
- Work-Life Balance: Value time off and flexible work arrangements
Salary Calculator FAQs
How accurate are these tax calculations?
These are estimates based on standard tax rates. Actual taxes depend on your specific situation, deductions, and filing status.
What's the difference between salary and hourly pay?
Salary is a fixed annual amount regardless of hours worked. Hourly pay varies based on hours worked and may include overtime.
Should I negotiate salary or hourly rate?
Consider total annual compensation, benefits, job security, and work-life balance. Both can be valid depending on your situation.