Formula
The gross paycheck is the annual amount divided by the number of checks:
Gross paycheck = annual gross pay / paychecks per year
The pre-tax deduction is then subtracted. Income tax is not calculated on this page.
Assumptions
- Every paycheck is the same size.
- The deduction is an amount per paycheck, not a percent.
Worked example
$62,400.00 a year paid 26 times is a gross paycheck of $2,400.00.
Input definitions
- Paychecks per year
- 52 weekly, 26 every two weeks, 24 twice a month, or 12 monthly.
- Pre-tax deduction
- An amount removed from each check before you look at tax. Zero is allowed.
Limitations
This is not a pay stub. It does not apply a tax table, a benefit election, or a garnish.
Questions
Where is the tax?
The take-home page applies a tax percent you type to one gross check.
Is twice a month the same as every two weeks?
No. Twice a month is 24 checks. Every two weeks is 26.