Interactive
A calculator that steps through gross pay to net pay for a given salary, filing status, state, and set of pre-tax deductions. The Scholar can adjust 401(k) percentage, HSA contribution, and insurance premiums to see the effect on net pay and on annual tax.
Parameters
- — Annual salary and pay frequency.
- — Filing status and state.
- — 401(k) contribution percentage (traditional vs. Roth).
- — HSA and FSA contributions.
- — Health, dental, vision, and life-insurance premiums.
Expected
The Scholar should end with a per-pay-period net-pay number that matches their own stub within a dollar, and a written note on which pre-tax lever produced the largest effect on take-home while advancing a long-term goal.
Interactive
A working model the Scholar operates to build intuition.