I create context. I also write blog posts:

This Thing's Useful!

Posted: April 8th, 2010 | Author: | Tags: , , , , | No Comments »

Thank goodness for these!

So I’m trying to make a go at the freelance writing thing, and I’m trying to make out a budget for how much I need to make every month. Once I do that, I want to find out what I’d have to make hourly in order to pay all of my bills. I’m not very good with math, so I rely on a lot of guesswork and rounded figures, giving me something close to what I need, but not quite as precise as I’d like1. Well, the process just got a bit easier. I found an online paycheck calculator here: paycheckcity.com. Just punch in your hourly wage, the number of hours you work, and any tax allowances or deductions you have (don’t worry, you don’t have to register or give your information) and voila, it tells you what your paycheck will look like. The nice part is it figures out all the social security, medicare, federal, and state taxes that’ll be taken out. I compared it to my last current paycheck, and it’s right on the money. The best part: it works for all 50 states, and tax years back to 1999. Also, it allows you to input multiple wage rates, if you work a few different jobs that pay differently. All in all, I think it’s good stuff!

A screenshot of the site

I should say this, though: I can’t vouch for the accuracy of the site. I point you to the disclaimer on the site:

Important Note on Calculator: The calculator on this page is provided by Symmetry Software and is designed to provide general guidance and estimates. It should not be relied upon to calculate exact taxes, payroll or other financial data. These calculators are not intended to provide tax or legal advice. You should refer to a professional advisor or accountant regarding any specific requirements or concerns.

  1. I don’t mind rounding up on my expenses. I find that shooting for a little more than I actually need and planning on more bills than fewer bills works out better. I’d rather have more money at the end of the month than not enough. I’m already in enough debt from school…
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