Estimate your net pay in North Carolina by entering your gross pay, pay frequency, and tax withholding information. This calculator uses 2023 federal and North Carolina tax rates and standard deductions for estimation purposes.
Weekly
Bi-weekly
Semi-monthly
Monthly
Annually
Federal Withholding Information
Single
Married Filing Jointly
Head of Household
e.g., other deductions, tax credits converted to deduction equivalent.
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resultHTML += 'Gross Pay per Period: ' + formatter.format(grossPayPerPeriod) + ";
resultHTML += 'Pre-tax Deductions: ' + formatter.format(preTaxDeductions) + ";
resultHTML += 'Social Security Tax: ' + formatter.format(annualSocialSecurityTax / payFrequency) + ";
resultHTML += 'Medicare Tax: ' + formatter.format(annualMedicareTax / payFrequency) + ";
resultHTML += 'Federal Income Tax: ' + formatter.format(federalTaxPerPeriod) + ";
resultHTML += 'NC State Income Tax: ' + formatter.format(ncTaxPerPeriod) + ";
resultHTML += 'Post-tax Deductions: ' + formatter.format(postTaxDeductions) + ";
resultHTML += 'Total Deductions: ' + formatter.format(totalDeductionsPerPeriod) + ";
resultHTML += 'Net Pay per Period:' + formatter.format(netPayPerPeriod) + '';
resultHTML += 'This is an estimate based on 2023 tax rates and common deductions. Your actual paycheck may vary. Consult a tax professional for personalized advice.';
document.getElementById('paycheckResult').innerHTML = resultHTML;
}
Understanding Your North Carolina Paycheck
Calculating your net pay can seem complex, but it's essentially your gross earnings minus various deductions and taxes. This North Carolina Paycheck Calculator helps you estimate what you'll take home after federal and state withholdings, as well as common deductions.
Gross Pay vs. Net Pay
Gross Pay: This is your total earnings before any deductions or taxes are taken out. It's typically your hourly wage multiplied by hours worked, or your annual salary divided by your pay periods.
Net Pay: This is your "take-home pay" – the amount deposited into your bank account after all deductions and taxes have been subtracted from your gross pay.
Key Paycheck Deductions Explained
1. Pre-tax Deductions
These deductions are taken from your gross pay before taxes are calculated, effectively reducing your taxable income. Common examples include:
401(k) or 403(b) Contributions: Retirement savings plans.
Health Insurance Premiums: Your share of health, dental, or vision insurance costs.
Flexible Spending Accounts (FSAs) or Health Savings Accounts (HSAs): Accounts for healthcare expenses.
2. Federal Taxes
The federal government levies several taxes on your income:
Federal Income Tax: This is a progressive tax, meaning higher earners pay a higher percentage. The amount withheld depends on your gross income, filing status (Single, Married Filing Jointly, Head of Household), and any adjustments or dependents claimed on your W-4 form. Our calculator uses 2023 federal tax brackets and standard deductions for estimation.
FICA Taxes (Social Security and Medicare): These are mandatory contributions to federal programs.
Social Security: Funds retirement, disability, and survivor benefits. In 2023, the rate is 6.2% on earnings up to $160,200.
Medicare: Funds healthcare for seniors and people with disabilities. In 2023, the rate is 1.45% on all earnings, with no income limit.
3. North Carolina State Income Tax
North Carolina has a relatively straightforward state income tax system:
Flat Tax Rate: For 2023, North Carolina applies a flat income tax rate of 4.75% to your taxable income.
Standard Deduction and Dependent Deduction: Your taxable income for NC state tax purposes is reduced by a standard deduction (which varies by filing status) and a deduction for each qualifying dependent. Our calculator incorporates these 2023 values.
4. Post-tax Deductions
These deductions are taken from your pay after all taxes have been calculated and withheld. They do not reduce your taxable income. Examples include:
Roth 401(k) Contributions: Retirement savings where contributions are taxed now, but withdrawals in retirement are tax-free.
Union Dues: Fees paid to a labor union.
Garnishments: Court-ordered deductions for debts like child support or student loans.
Charitable Contributions: Deductions for donations made directly from your paycheck.
How to Use the Calculator
To get an accurate estimate, gather the following information:
Gross Pay per Pay Period: Your total earnings before any deductions for one pay period.
Pay Frequency: How often you get paid (e.g., weekly, bi-weekly, monthly).
Pre-tax Deductions: The total amount of pre-tax deductions taken per pay period (e.g., 401k, health insurance).
Post-tax Deductions: The total amount of post-tax deductions taken per pay period (e.g., Roth 401k, union dues).
Federal Filing Status: Your filing status for federal income tax (Single, Married Filing Jointly, Head of Household).
Number of Qualifying Children (Federal): The number of children you claim for federal tax purposes.
Other Federal Adjustments (Annual): Any other annual deductions or credits that reduce your federal taxable income.
NC Filing Status: Your filing status for North Carolina state income tax.
Number of Dependents (NC): The number of dependents you claim for NC state tax purposes.
Enter these details into the respective fields and click "Calculate Paycheck" to see your estimated net pay.
Disclaimer
This calculator provides an estimate based on the information you provide and publicly available 2023 tax rates and standard deductions. It does not account for all possible tax situations, credits, or local taxes (if any). For personalized tax advice or to confirm your exact withholding, please consult a qualified tax professional or refer to the IRS and North Carolina Department of Revenue guidelines.