Net Income Calculator: Convert Gross Salary to Actual Take-Home Pay
Net income is the amount of money you actually receive after all taxes and deductions are subtracted from your gross salary. For most American workers, net income is 60-75% of gross pay — meaning up to 40 cents of every dollar you earn goes to federal taxes, state taxes, Social Security, Medicare, health insurance premiums, and retirement contributions before you see a dime.
Understanding the difference between gross and net income is critical for financial planning. A $100,000 gross salary sounds impressive, but after a 22% federal tax bracket, 7.65% FICA, and 5% state tax, your net income drops to roughly $65,000-$70,000. Add health insurance ($3,000-$6,000/year) and 401(k) contributions ($6,000+), and your actual take-home could be as low as $55,000.
This calculator converts your gross salary to net income across all standard pay frequencies. Whether you are paid hourly, weekly, bi-weekly, or monthly, you can instantly see what your paycheck looks like after the major deductions that affect every working American.
Key Data & Statistics
| Metric | Value |
|---|---|
| Gross vs Net Gap | 25-40% of gross pay |
| Federal Income Tax | 10-37% (marginal brackets) |
| FICA (Social Security + Medicare) | 7.65% of gross |
| Average Health Insurance Deduction | $250-$500/month |
| Typical 401(k) Contribution | 3-10% of gross |
| Median US Net Income | ~$55,000/year |
Pre-Calculated Examples
| Scenario | Gross | Net / Result | Details |
|---|---|---|---|
| $50K Gross | $50,000 | $39,500 | Federal ~$4,500 + FICA ~$3,825 + State ~$2,175 |
| $75K Gross | $75,000 | $56,250 | Federal ~$9,000 + FICA ~$5,738 + State ~$4,012 |
| $100K Gross | $100,000 | $72,000 | Federal ~$14,000 + FICA ~$7,650 + State ~$6,350 |
| $150K Gross | $150,000 | $103,500 | Federal ~$26,000 + FICA ~$11,475 + State ~$9,025 |
Calculate Your Salary
Salary Information
Enter your salary information to see all pay frequency conversions
Who Uses This Calculator?
Paycheck verification
Cross-check your actual paycheck against expected net income to ensure deductions are correct.
Loan applications
Lenders often ask for net income when evaluating mortgage or auto loan applications. Know your number before applying.
Budgeting
Build a monthly budget using net income rather than gross to ensure you are planning around money you actually receive.
Raise impact analysis
Calculate how much of a raise you actually keep after taxes to set realistic salary negotiation targets.