Mo Paycheck Calculator

How to Use the Missouri Paycheck Calculator

This guide will take you through the process of using the Missouri Paycheck Calculator step by step. Follow each section carefully to ensure you input the correct data and understand the calculation process.

Step 1: Enter Your Pay Rate

Pay Rate ($): Begin by entering your hourly rate or salary. It is important to note that the value should be a positive number greater than or equal to 0.01. If you work on an hourly basis, enter your hourly rate. If you are on a salary, enter your annual salary amount.

Step 2: Specify Your Pay Frequency

Pay Frequency: Select the frequency with which you get paid from the following options: Weekly (52 times a year), Bi-Weekly (26 times a year), Semi-Monthly (24 times a year), or Monthly (12 times a year). This selection helps calculate your appropriate paycheck amount according to your pay schedule.

Step 3: Indicate Your Pay Type

Pay Type: Choose whether your earnings are calculated based on an hourly rate or salary. This option determines how your gross pay is calculated using either your hours worked or pay frequency.

Step 4: Enter Hours Worked (For Hourly Employees)

Hours Worked: If you are an hourly employee, enter the total number of hours you have worked in the pay period. The acceptable range is from 0 to 168 hours. If you receive a salary, this field is not applicable.

Step 5: Select Your Filing Status

Filing Status: Choose your tax filing status from the following categories: Single, Married, or Head of Household. This information is used to determine your federal and state withholding deductions.

Step 6: Enter Allowances

Allowances: Enter the number of allowances you are claiming for tax purposes. This can affect the amount of federal tax withheld from your paycheck. Enter a non-negative integer value.

Step 7: Specify Additional Withholding (Optional)

Additional Withholding ($): If you have requested an additional amount to be withheld from your paycheck for federal tax purposes, input that amount here. This field is optional, and you can leave it blank if not applicable.

Step 8: Review Your Results

• Gross Pay: The calculator will compute your gross pay based on your pay rate, hours worked, and pay frequency.
• Federal Withholding: The calculated federal tax withholding amount will be displayed here according to your filing status and allowances.
• Social Security: Your social security deduction, which is 6.2% of the gross pay, will be shown.
• Medicare: Your Medicare deduction, calculated as 1.45% of the gross pay.
• Missouri State Withholding: This displays the state tax withheld according to Missouri tax laws and your personal details.
• Total Deductions: A summary of all deductions will be shown, including the federal withholding, social security, medicare, state withholding, and any additional withholding specified.
• Net Pay: This is your take-home pay after all deductions have been subtracted from the gross pay.

By following these steps, you can effectively use the Missouri Paycheck Calculator to determine your net pay, which accounts for all necessary deductions and your personal tax situation.