Florida Paycheck Formula:
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This calculator estimates your take-home pay (net pay) based on hours worked, hourly rate, and applicable taxes in Florida. Florida has no state income tax, but federal taxes and other deductions may apply.
The calculator uses the following formula:
Where:
Details: While Florida has no state income tax, federal income tax, Social Security (6.2%), and Medicare (1.45%) still apply. The tax rate field allows you to account for these withholdings.
Tips: Enter your hours worked, hourly rate, and estimated tax rate percentage. For typical employees, a tax rate between 15-25% accounts for federal taxes and FICA.
Q1: Does Florida have state income tax?
A: No, Florida is one of the few states with no state income tax.
Q2: What taxes are deducted from Florida paychecks?
A: Federal income tax, Social Security (6.2%), and Medicare (1.45%) are the main deductions.
Q3: How do I determine my tax rate?
A: Your effective tax rate depends on your income level and W-4 withholdings. Consult IRS withholding tables or a tax professional.
Q4: Are overtime hours calculated differently?
A: Yes, Florida follows federal law requiring 1.5x pay for hours over 40 in a workweek. This calculator doesn't account for overtime.
Q5: What other deductions might apply?
A: Health insurance, retirement contributions, and other voluntary deductions may reduce your take-home pay beyond the taxes calculated here.