Spreadsheet Calculator 46261 | Gross To Net Calculator

Partial file snippet.

Sheet 1: Gross-to-Net Calculator

	
	
	
	
	
	
	
	
	
	
	
	
	
		GROSS-TO-NET CALCULATOR
		DISCLAIMERS
		
	
		

		Federal withholding tax will only be accurate if your current W-4 on file with the University was submitted prior to 12/31/19.  If your W-4 was submitted on 1/1/20 or later, please use the IRS Withholding Tool found here - 
	
	
		PERSONAL DATA
		FEDERAL INCOME TAX
		STATE INCOME TAX
		

		
	
		

		PAY FREQUENCY
		Semi-Monthly
		

		

		FILING STATUS
		Single
		

		

		ALLOWANCES
		1
		

		

		https://www.irs.gov/businesses/small-businesses-self-employed/income-tax-withholding-assistant-for-employers
	
	
		

		
		Are you employed as a police officer AND in a SURS plan labelled TRADITIONAL or PORTABLE?
		POLICE OFFICER
		No
		

		

		ALLOWANCES
		1
		

		

		ADDITIONAL AMOUNT
		0
		

		

		This calculator is provided and designed to provide general guidance and estimates. It should not be relied upon for accuracy, such as to calculate exact taxes, payroll or other financial data.
	
	
		

		SUBJECT TO SURS
		Yes
		

		

		ADDITIONAL AMOUNT
		0
		

		

		ADD'L ALLOWANCES
		0
		

		

		
	
		

		SUBJECT TO MEDICARE
		Yes
		

		

		
		Nonresident Alien for Tax Purposes (except India F-1 or J-1)
		NONRESIDENT ALIEN
		No
		

		

		TAX EXEMPT
		No
		

		

		Neither this calculator nor the providers and affiliates thereof are providing tax or legal advice. You should refer to a professional adviser or accountant regarding any specific requirements or concerns.
	
	
		

		SUBJECT TO OASDI
		No
		

		

		TAX EXEMPT
		No
		

		

		

		

		

		

		
	
		

		

		

		

		

		

		

		

		TAXES
		

		For special circumstances (i.e., Civil Union Insurance, Medicare Gross Exceeding $ 200,000, and Non-U.S. Citizens), it is recommended you contact the University Payroll Office for assistance.
	
	
		EARNINGS
		

		FEDERAL INCOME TAX
		 -   
		

		

		
	
		

		REGULAR PAY
		

		

		

		

		 -   
		

		

		MEDICARE TAX
		 -   
		

		

		Please note the calculator only computes the State of Illinois tax withholdings. 
	
	
		

		
		Examples include:
Athletic Tickets, Gift Card, Membership, Moving Expenses, Untimely Travel Reimbursement, Tuition Waiver, Vehicle Usage
		TAXABLE FRINGE BENEFITS
		

		

		

		

		 -   
		

		

		OASDI TAX
		 -   
		

		

		

	
	
		

		

		

		

		

		

		

		

		

		IL STATE INCOME TAX
		 -   
		

		

		
	
		BEFORE-TAX DEDUCTIONS
		AFTER-TAX DEDUCTIONS
		

		ADDITIONAL MEDICARE
		 -   
		

		

		

	
	
		

		HEALTH INSURANCE
		 -   
		

		

		ROTH 403(b) PERCENT
		0.00%
		

		

		

		

		

		

		

	
	
		

		DENTAL INSURANCE
		 -   
		

		

		ROTH 403(b) AMOUNT
		 -   
		

		EMPLOYER-PAID BENEFITS
		

		

	
	
		

		

		

		

		

		ROTH 457
		 -   
		

		

		GROUP TERM LIFE
		 -   
		

		

		

	
	
		

		403(b) PERCENT
		0.00%
		

		

		
		Examples include:
Life Ins (Supplemental Life, ADD, Supplemental ADD, Spouse, Dependent), Union Dues, Long Term Disability, ISU Credit Union, Foundation, Recreation Services, SECA, Garnishments, Weisbecker Scholarship Fund, ISU Annuitants Association, Athletic Tickets, and Wellness
		OTHER DEDUCTIONS
		 -   
		

		

		

		

		

		

		

	
	
		

		403(b) AMOUNT
		 -   
		

		

		

		

		

		

		

		

		

		

		

	
	
		

		457
		 -   
		

		TAX CALCULATIONS
		

		

		

		

		

		

	
	
		

		SURS
		 -   
		

		

		FEDERAL TAXABLE
		 -   
		

		

		

		

		

		

		

	
	
		

		MCAP
		 -   
		

		

		MEDICARE TAXABLE
		 -   
		

		PAYCHECK CALCULATIONS
		

		

	
	
		

		DCAP
		 -   
		

		

		OASDI TAXABLE
		 -   
		

		

		EARNINGS
		 -   
		

		

		

	
	
		

		ISU PARKING
		 -   
		

		

		IL STATE TAXABLE
		 -   
		

		

		TAXES
		 -   
		

		

		

	
	
		

		PURCHASE SURS
		 -   
		

		

		
		If your YTD taxable wages are at/near $200,000, contact Payroll for assistance.
		ADDITIONAL MEDICARE
		 -   
		

		

		DEDUCTIONS
		 -   
		

		

		

	
	
		

		

		

		

		

		

		

		

		

		

		

		

		

		

	
	
		

		TOTAL GROSS
		FED TAXABLE GROSS
		

		

		TOTAL TAXES
		TOTAL DEDUCTIONS
		

		

		NET PAY
		

		

		

		

	
	
		

		$0.00
		$0.00
		

		

		$0.00
		$0.00
		

		

		$0.00

The words contained in this file might help you see if this file matches what you are looking for:

...Sheet grosstonet calculator disclaimers federal withholding tax will only be accurate if your current w on file with the university was submitted prior to or later please use irs tool found here personal data income state pay frequency semimonthly filing status single allowances httpswwwirsgovbusinessessmallbusinessesselfemployedincometaxwithholdingassistantforemployers are you employed as a police officer and in surs plan labelled traditional portable no additional amount this is provided designed provide general guidance estimates it should not relied upon for accuracy such calculate exact taxes payroll other financial subject yes add l medicare nonresident alien purposes except india f j exempt neither nor providers affiliates thereof providing legal advice refer professional adviser accountant regarding any specific requirements concerns oasdi special circumstances ie civil union insurance gross exceeding nonus citizens recommended contact office assistance earnings regular note co...

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