How Do You Use Free Online Payroll Calculators?
There are a number of different online payroll calculators that calculate for different values. Some of these are: • Payroll calculator, which calculates your earnings after the taxes have been deducted every pay period (‘take home pay’). • Hourly payroll calculator calculates your take-home pay using six various hourly rates that you define. • Gross pay payroll calculator computes for the amount of your gross salary before any tax deductions are withheld, depending on the take-home pay numbers you provide. • Bonus calculators can calculate for your bonuses using either the aggregate method or the percentage method. • 401K payroll calculator is used in planning for your future savings. So how do you use an online payroll calculator? Most of the online payroll calculators generally ask for the same information. This includes: 1. General Information • Tax year • State of residence • Gross pay per year or per pay period • Year-to-date (YTD) Gross salary which is optional • Frequency of pa
