The Missouri Paycheck Calculator helps users determine their net pay by calculating deductions for federal and state taxes, Social Security, and Medicare based on their gross pay and selected pay frequency.
Missouri Paycheck Calculator
Use Our Missouri Paycheck Calculator
How to Use the Missouri Paycheck Calculator
The Missouri Paycheck Calculator helps you determine your net pay after taxes per pay period. Follow the steps below to use the calculator effectively:
Step 1: Enter Pay Frequency
Select your pay frequency from the available options: Weekly, Bi-Weekly, Semi-Monthly, or Monthly. This determines how often you receive your paycheck.
Step 2: Input Gross Pay
Enter your gross pay per period in the relevant field. This is your total earnings before any deductions. Ensure the amount is not negative.
Step 3: Specify Federal Withholding Allowances
Enter the number of federal withholding allowances you claim. This number should be a whole number (e.g., 0, 1, 2) and it affects your federal tax withholding.
Step 4: Choose Filing Status
Select your filing status from the options provided: Single, Married, or Head of Household. Your choice influences the calculation of withholdings.
Step 5: Additional Federal Withholding (Optional)
If you wish to withhold an additional amount for federal taxes, input the amount here. This field is optional and can be left blank if not applicable.
Step 6: Review the Results
Once you have entered all the required information, the calculator computes the following:
- Federal Withholding: The amount withheld for federal taxes, calculated using your allowances and pay frequency.
- Social Security Tax: Calculated as 6.2% of your gross pay.
- Medicare Tax: Calculated as 1.45% of your gross pay.
- Missouri State Withholding: State taxes withheld based on your income and filing status.
- Total Tax Withholdings: The sum of all tax withholdings including any additional federal withholding.
- Net Pay: This represents your earnings after all withholdings are subtracted.
Step 7: Analyze Your Net Pay
Review the calculated net pay to understand your take-home income per pay period. Use this information for budgeting and financial planning purposes.