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Use our Free Paycheck Calculator spreadsheet to estimate the effect of deductions, withholdings, federal tax, and allowances on your net take-home pay. Unlike most online paycheck calculators, using our spreadsheet will allow you to save your results, see how the calculations are done, and even customize it.
Paycheck Calculator for Excel

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Estimate your Net Take Home Pay using this Paycheck Calculator for Excel. Answer questions such as:
- How do the number of allowances affect the federal tax withholdings?
- How much will my take-home pay change if I contribute more to my 401(k)?
- Enter your Gross Pay for monthly, semi-monthly, biweekly, or weekly pay periods.
- Federal taxes are calculated using tables from IRS Publication 15 for tax year 2010.
- FICA Social Security Tax and Medicare are calculated based on the percentage of your Gross Pay.
- State and Local taxes are estimated by multiplying the federal taxable gross by a percentage that you input.
- Read the cell comments if you need more information about an input or calculation.
"No Installation, No Macros - Just a simple spreadsheet"
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Download Now
Cost: Free ($0.00)
License: Personal Use Only
File Type: .xls
Size: ~50 KB
Version: 1.0
Required: Microsoft Excel® 2002(XP), 2003, or 2007
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Disclaimer: This calculator is for illustrative and educational purposes only. We do not guarantee the results or the applicability to your unique situation. You should seek advice from qualified professionals.
Paycheck Calculation References
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http://www.vertex42.com/Calculators/paycheck-calculator.html
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