Weekly Pay Calculator

Free weekly pay calculator. Calculate net take-home pay after taxes with overtime, tips, and deductions. See paycheck breakdown, hours impact, and rate comparisons.

About the Weekly Pay Calculator

The Weekly Pay Calculator determines your exact take-home pay every week after federal tax, state tax, FICA, and deductions. Enter your hourly rate, hours worked, and tax rates to see precisely how much lands in your bank account each Friday.

For hourly workers, weekly pay varies significantly based on hours worked and overtime. This calculator handles the full picture: regular hours at base rate, overtime at 1.5× or 2× multiplier, tips, bonuses, and pre-tax deductions like 401(k) contributions. The result is your actual net weekly paycheck — not an estimate, but a line-by-line breakdown matching what you'd see on your pay stub.

The hours impact table shows how working 5 more or fewer hours affects your weekly take-home, and the rate comparison helps you instantly see how raises translate to actual weekly spending money. Because taxes are a percentage, each additional dollar earned nets less than you might think — the effective hourly rate shows your real after-tax earning per hour.

Why Use This Weekly Pay Calculator?

Weekly paychecks require precise budgeting. This calculator provides the exact net pay on each paycheck including all taxes and deductions, plus shows how extra hours or a raise translates to real take-home differences. Keep these notes focused on your operational context. Tie the context to the calculator’s intended domain. Use this clarification to avoid ambiguous interpretation.

How to Use This Calculator

  1. Enter your hourly rate.
  2. Set regular hours and any overtime hours.
  3. Add weekly tips or bonuses if applicable.
  4. Enter pre-tax deductions (401k, health insurance weekly).
  5. Set your federal and state tax rates.
  6. View your net weekly pay and full breakdown.
  7. Use the hours and rate tables to plan ahead.

Formula

Gross Weekly = (Rate × Regular Hours) + (Rate × OT Multiplier × OT Hours) + Tips + Bonus Social Security = Taxable × 6.2% Medicare = Taxable × 1.45% Federal Tax = Taxable × Fed Rate State Tax = Taxable × State Rate Net Weekly = Gross − Pre-Tax Deductions − FICA − Federal Tax − State Tax

Example Calculation

Result: Net weekly: $769; gross $1,045; FICA $79.94, fed $125.40, state $52.25

Regular: $22 × 40 = $880. OT: $22 × 1.5 × 5 = $165. Gross: $1,045. After FICA (7.65%), 12% fed, and 5% state: net $769. Effective hourly: $17.09.

Tips & Best Practices

The Weekly Pay Reality Check

When earning $22/hour, most people expect $880/week (40 × $22). But after Social Security (6.2%), Medicare (1.45%), federal tax (~12%), and state tax (~5%): actual take-home is approximately $660-$680. Understanding this 22-25% gap between gross and net is essential for building a realistic weekly budget.

Overtime: Still Worth It After Taxes

A common myth is that overtime "isn't worth it" because of taxes. While OT income is taxed at your marginal rate, you still keep 75-85% of each OT dollar. At $22/hr, 5 weekly OT hours add $123 to net pay — $6,400/year. That's a significant income boost for anyone willing to work longer weeks.

Weekly vs. Biweekly Budgeting

If you're paid weekly, you receive 52 paychecks per year — 4 months have 5 paydays (bonus weeks!). If paid biweekly, you get 26 paychecks. Weekly pay simplifies budgeting because income aligns exactly with weekly expenses. The key is basing your budget on 4 paychecks/month and treating 5th-paycheck months as windfall savings opportunities.

Frequently Asked Questions

How do I calculate my weekly take-home pay?

Multiply hourly rate × hours for gross pay, then subtract FICA (7.65%), federal tax (10-37% bracket), and state tax. At $22/hr × 40 hours = $880 gross, after ~25% total tax: ~$660 net.

Why is my effective hourly rate lower than my actual rate?

Taxes reduce your effective rate. At $22/hr with ~25% total tax burden, your effective take-home rate is ~$16.50/hr. This is the amount you actually keep per hour of work.

How does overtime affect my weekly pay?

OT at 1.5× adds 50% more per hour, but taxes still apply. 5 hours of OT at $22/hr adds $165 gross but only ~$123 net. Still substantial — about $6,400/year in net income.

Should I include tips in weekly pay calculation?

Yes — tips are taxable income and should be reported. $150/week in tips adds $7,800/year gross but after taxes, nets about $5,850. Your W-2 should reflect all tip income.

What federal tax rate should I use?

Use your marginal rate based on annual income: $11,600-$47,150 (single) = 12%, $47,150-$100,525 = 22%, $100,525-$191,950 = 24%. Most hourly workers fall in the 12-22% range.

How do pre-tax deductions help my take-home pay?

Pre-tax deductions (401k, health insurance) reduce your taxable income. $50/week to 401k at 12% fed rate saves you $6/week in federal tax plus FICA savings — and builds retirement savings.

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