Bi-Weekly Net Calculation:
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Bi-Weekly Net Pay is the amount an employee receives after all deductions from their gross bi-weekly salary. In California, this includes federal tax, state tax, and FICA contributions.
The calculator uses the following formula:
Where:
Explanation: This calculation provides the actual take-home pay for California employees paid on a bi-weekly schedule.
Details: California has specific state tax brackets and rates that differ from federal taxes. FICA includes Social Security (6.2%) and Medicare (1.45%) contributions up to applicable limits.
Tips: Enter gross bi-weekly pay in USD, followed by federal tax, California state tax, and FICA amounts. All values must be positive numbers with gross pay greater than zero.
Q1: What is the difference between gross and net pay?
A: Gross pay is total earnings before deductions, while net pay is the actual amount received after all taxes and deductions.
Q2: How are California state taxes calculated?
A: California uses a progressive tax system with rates from 1% to 12.3% based on income brackets and filing status.
Q3: What is included in FICA?
A: FICA includes Social Security tax (6.2% up to annual limit) and Medicare tax (1.45% with no income limit).
Q4: Are there other deductions not included here?
A: Yes, this calculator focuses on core taxes. Other deductions may include health insurance, retirement contributions, and voluntary deductions.
Q5: How often is bi-weekly pay?
A: Bi-weekly means every two weeks, resulting in 26 pay periods per year.