Question

How do i calculate gross pay net pay and employee benefits to get the sum of all of them

Answer 1

The sticker price of an employee’s salary is not what they take home. Your employee might ask, How much will my paycheck be after taxes? Understanding the difference between gross and net pay is the first step to learning how to find net pay.

Need help calculating net pay? Here is the net pay formula:

Net Pay = Gross Pay – Deductions

To help you calculate net pay for your employees, you need to know how much to withhold in taxes and deductions.