Wondering how much difference that pay rise would make? Use the Take-Home Calculator to work out just how much more you will have each month. Fill in the form below, and the Take Home Calculator will give you an estimate based on what you provide:
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*Daily values based on a 5-day working week
**Excluding yourself and your spouse
How to use the Take-Home Calculator
Enter your annual salary (or the one you would like) in the "Salary" box. Select your age range from the options provided.
Select from the drop-down box whether you are filing as a single person, a married couple filing jointly or separately, or as the head of household.
From the next drop-down box, choose how many dependents (not including yourself and your spouse) you will declare. Enter also the monthly $ value of any other deductions you want considered - for example, retirement plan contributions.
When you're done, click on the "Go!" button, and the table on the right will display the information you requested. You'll be able to see the gross salary, taxable amount, tax, social security and state income tax on annual, monthly, weekly and daily bases.
This is based on Income Tax and Social Security information for the tax year 2006. More information on tax rates here.
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