Business Calc Kit
Net/Gross Income Calculator
Calculate and convert between net and gross income. Enter your income amount and tax information to see detailed breakdown.

Formula

Net Income=Gross Income−Federal Tax−State Tax−FICA Tax−Other DeductionsNet\ Income = Gross\ Income - Federal\ Tax - State\ Tax - FICA\ Tax - Other\ Deductions

Where:

•Federal Tax = Progressive tax based on income brackets
•State Tax = Flat rate based on state
•FICA Tax = 7.65% (Social Security + Medicare)
Understanding Net vs. Gross Income
  • Gross Income: Total earnings before any deductions
  • Net Income: Take-home pay after all taxes and deductions
  • Federal Tax: Progressive tax based on income brackets
  • State Tax: Varies by state (enter your state's rate)
  • FICA Tax: 7.65% (6.2% Social Security + 1.45% Medicare)