A paycheck calculator is a tool that helps employees estimate their net pay after taxes and other deductions. It takes into account factors such as gross income, withholding allowances, and tax brackets to provide an approximation of the amount of money an employee will receive in their paycheck.
Paycheck calculators can be helpful for budgeting and financial planning. They can also be used to compare different job offers or to estimate the impact of changes in withholding allowances or tax rates.