Finance & Economics / Personal Finance

Take-Home Pay Calculator

Implementation Specifications

This calculator is planned and documented. The formulas and guidance below are ready for implementation.

Required Inputs

  • Gross salary
  • Filing status
  • Federal tax rate
  • State tax rate
  • FICA (7.65%)
  • Other deductions

Formulas & Calculations

Net = Gross - (Federal tax + State tax + FICA + Deductions)
Federal tax = Gross × user-provided marginal rate
FICA = Gross × 0.0765

Status: Specification complete, implementation pending

To implement: Create app/components/calculators/take-home-pay-calculator.tsx and register in app/lib/calculator-registry.ts