Arizona Paycheck Calculator
Use this calculator to estimate your net pay per pay period in Arizona, factoring in federal and state taxes, as well as common deductions. Please note that this is an estimate and actual withholdings may vary based on specific tax situations, additional deductions, and changes in tax laws.
Estimated Paycheck Breakdown:
Gross Pay:
Pre-Tax Deductions:
Taxable Gross:
Federal Income Tax (FIT):
Social Security Tax:
Medicare Tax:
Arizona State Income Tax:
Post-Tax Deductions:
Total Deductions:
Net Pay:
Understanding Your Arizona Paycheck
Your paycheck is more than just your gross earnings; it's a detailed breakdown of how your hard-earned money is allocated before it reaches your bank account. This Arizona Paycheck Calculator helps you understand the various deductions that impact your net pay.
Gross Pay
This is your total earnings before any taxes or deductions are taken out. It's calculated based on your hourly wage or annual salary and your pay frequency (e.g., weekly, bi-weekly, semi-monthly, or monthly).
Pre-Tax Deductions
These are deductions taken from your gross pay before taxes are calculated. Common examples include contributions to a 401(k) or 403(b) retirement plan, health insurance premiums, and Flexible Spending Account (FSA) contributions. Pre-tax deductions reduce your taxable income, which can lower your overall tax liability.
Federal Income Tax (FIT)
Federal income tax is withheld from your paycheck based on the information you provide on your W-4 form (filing status, number of dependents, and any additional withholding). The U.S. operates on a progressive tax system, meaning different portions of your income are taxed at different rates. This calculator provides an estimate based on current federal tax brackets and standard deductions for 2024.
FICA Taxes (Social Security and Medicare)
- Social Security: This tax funds retirement, disability, and survivor benefits. The employee contribution rate is 6.2% of your gross wages, up to an annual wage base limit ($168,600 for 2024).
- Medicare: This tax funds health insurance for the elderly and disabled. The employee contribution rate is 1.45% of all your gross wages, with no wage base limit. An additional Medicare tax of 0.9% applies to wages over certain thresholds ($200,000 for single filers, $250,000 for married filing jointly). This calculator does not include the additional Medicare tax for simplicity.
Arizona State Income Tax
Arizona has a simplified state income tax system. For 2024, Arizona has a flat tax rate of 2.5% on taxable income. This means that after any applicable deductions, your income is taxed at a single rate, regardless of how much you earn. Unlike federal taxes, Arizona does not have a complex system of allowances or brackets for state income tax withholding.
Post-Tax Deductions
These deductions are taken from your pay after all applicable taxes have been calculated and withheld. Examples include Roth 401(k) contributions, union dues, charitable contributions, or garnishments.
Net Pay
Your net pay, also known as "take-home pay," is the amount of money you receive after all taxes and deductions have been subtracted from your gross pay.
Example Calculation
Let's consider an example for an individual in Arizona:
- Gross Pay per Pay Period: $2,000 (Bi-Weekly)
- Federal Filing Status: Single
- Federal Dependents: 0
- Additional Federal Withholding: $0
- Pre-Tax Deductions: $100 (e.g., 401k)
- Post-Tax Deductions: $50 (e.g., Roth 401k)
Based on these inputs, the calculator would perform the following estimated steps:
- Annual Gross Pay: $2,000 * 26 = $52,000
- Annual Pre-Tax Deductions: $100 * 26 = $2,600
- Taxable Gross per Period: $2,000 – $100 = $1,900
- Social Security Tax: $1,900 * 0.062 = $117.80
- Medicare Tax: $1,900 * 0.0145 = $27.55
- Arizona State Income Tax: $1,900 * 0.025 = $47.50
- Federal Income Tax (Estimated): This involves annualizing income, subtracting the standard deduction ($14,600 for Single in 2024), and applying federal tax brackets. For an annual taxable income of $52,000 – $2,600 – $14,600 = $34,800, the estimated annual federal tax would be approximately $3,940 (10% on $11,600 + 12% on $23,200). Divided by 26 pay periods, this is about $151.54 per period.
- Total Deductions: $117.80 (SS) + $27.55 (Medicare) + $47.50 (AZ State) + $151.54 (FIT) + $50 (Post-Tax) = $394.39
- Net Pay: $2,000 (Gross) – $394.39 (Total Deductions) = $1,605.61
This example demonstrates how various factors contribute to your final take-home pay. Remember to consult with a tax professional for personalized advice.