U.S. net Salary Calculator

The calculation is as follows: multiply the net amount received by the grossing-up fraction ; the grossing-up fraction is 100 divided by (100 less the rate of tax). Therefore £200 is the grossed-up figure.

On a £40,000 salary, your take home pay will be £30,862 after tax and National Insurance . This equates to £2,572 per month and £594 per week. If you work 5 days per week, this is £119 per day, or £15 per hour at 40 hours per week.

To calculate a paycheck start with the annual salary amount and divide by the number of pay periods in the year. This number is the gross pay per pay period. Subtract any deductions and payroll taxes from the gross pay to get net pay .