Nj Pay Calculator

How to Use the NJ Pay Calculator

Introduction

This guide will help you navigate and use the NJ Pay Calculator effectively to determine your pay details for each pay period in New Jersey.

Step 1: Fill in Your Annual Salary

Annual Salary: Locate the input field labeled “Annual Salary.” Enter your annual salary in this field. Make sure the amount is a non-negative number and does not exceed $10,000,000.

Step 2: Select Your Pay Period

• Weekly: If you get paid weekly, select the option labeled “Weekly.” This is represented by the value 52 (52 weeks per year).
• Bi-Weekly: For bi-weekly payments, choose the “Bi-Weekly” option represented by the value 26 (26 pay periods per year).
• Semi-Monthly: If you receive payments semi-monthly, select “Semi-Monthly,” corresponding to the value 24 (24 pay periods per year).
• Monthly: Choose “Monthly” if you’re paid on a monthly basis, signified by the value 12 (12 pay periods per year).

Step 3: Choose Your Filing Status

Please select one of the available options for your tax filing status from the dropdown menu:

• Single: If you file taxes as an individual.
• Married: If you file jointly with your spouse.
• Married Filing Separately: If you and your spouse file separately.
• Head of Household: If you qualify for this special status.

Step 4: Enter the Number of Allowances

Allowances: In the respective field, input the number of tax allowances you are claiming. This should be a number between 0 and 99, inclusive.

Step 5: Review Your Results

Once all inputs are provided correctly, the calculator will display the results:

• Gross Pay Per Period: Calculated by dividing your annual salary by the number of pay periods you selected.
• Federal Income Tax: Approximated at a rate of 22% of your annual salary, adjusted per pay period.
• NJ State Income Tax: Computed at a rate of 5.35%, based on your annual income and pay period.
• Social Security Tax: Calculated at 6.2% up to a federal cap of $160,200, divided by pay periods.
• Medicare Tax: Estimated at 1.45% of your annual salary per each pay period.
• NJ State Disability Insurance (SDI): Calculated at 0.9% with state annual cap limitations.
• NJ Family Leave Insurance (FLI): Computed at a rate of 0.14% with state annual cap constraints.
• NJ Workforce Development: Estimated at 0.425% subject to state cap limits.
• Total Deductions: Sum of all the above deductions.
• Net Pay Per Period: This is your take-home pay, calculated as your gross pay minus total deductions.

Conclusion

By carefully following these steps, you will be able to accurately calculate your net pay per pay period using the NJ Pay Calculator. Ensure all your data is entered correctly for optimal results.