Net Pay Formula:
| From: | To: |
The Florida Paycheck Hourly Calculator estimates take-home pay for hourly workers in Florida, accounting for the state's unique tax structure with no state income tax. It calculates net pay after federal taxes, FICA, and other deductions.
The calculator uses the net pay formula:
Where:
Explanation: The formula calculates gross pay first, then subtracts all applicable deductions to determine the final take-home amount.
Details: Understanding net pay helps hourly workers in Florida budget effectively, plan expenses, and make informed financial decisions. Florida's no state income tax policy makes take-home pay calculations unique compared to other states.
Tips: Enter hourly rate in dollars per hour, hours worked, federal tax amount, FICA contributions, and any other deductions. All values must be valid positive numbers.
Q1: Why is Florida state tax 0%?
A: Florida is one of the few states with no state income tax, which means workers don't have state tax deductions from their paychecks.
Q2: What is included in FICA?
A: FICA includes Social Security tax (6.2%) and Medicare tax (1.45%), totaling 7.65% of gross wages.
Q3: How is federal tax calculated?
A: Federal tax depends on filing status, allowances, and income level. Use IRS withholding tables or your W-4 information for accurate amounts.
Q4: What are common "other" deductions?
A: Health insurance premiums, retirement contributions (401k), union dues, garnishments, and other voluntary or required deductions.
Q5: Does this calculator account for overtime?
A: This calculator uses regular hourly calculations. For overtime (1.5x rate), calculate overtime hours separately and add to regular hours.