Estimating Net/Gross Pay
It is impossible to accurately determine an employee’s net pay before they are hired and select their benefits and tax status.
This is information regarding common deductions that would need to be accounted for when determining an estimate of an employee’s net pay:
Federal Tax | Dependent on citizenship status and/or Federal Withholding Status |
CT Tax | Dependent on citizenship status and/or CT Withholding Status |
Social Security Tax | 6.2% (if subject) |
Medicare Tax | 1.45% (if subject) |
AAUP Union Dues | 0.90% |
Health Insurance | https://hr.media.uconn.edu/wp-content/uploads/sites/2597/2024/06/2024-2025-Payroll-Deductions-1.pdf |
Dental Insurance | https://hr.media.uconn.edu/wp-content/uploads/sites/2597/2024/06/2024-2025-Payroll-Deductions-1.pdf |
Retirement | |
Parking |
Below is an example of estimating gross pay:
$60,000.00 Full-time annual salary
÷ 26.00 Annual biweekly pay periods
$2,307.69 Full-time biweekly salary
Paycheck calculators, such as Paycheck City, can also help estimate net pay.