Know the numbers

How to use this calculator

Enter your gross income (annual or monthly), estimated business expenses, and filing status. The calculator estimates your taxes and take-home pay.

A worked example

$100,000 gross, $5,000 expenses, single filer: self-employment tax ≈ $13,284, federal income tax ≈ $14,095, take-home ≈ $67,621.

The calculation

Self-employment tax = net income × 92.35% × 15.3% (capped at Social Security wage base). Federal income tax uses standard deduction and 2024 brackets.

Before you use the result

These are estimates based on 2024 federal tax rates and the standard deduction. State income taxes are not included. Actual taxes depend on deductions, credits, and your specific situation. Consult a tax professional for precise figures.

Common scenarios

Use this calculator whenever you need to verify your hours, check a paycheck, or prepare a timecard submission. The result is the same arithmetic the payroll department uses, displayed in a form you can inspect.

Calculation notes reviewed 2026-09-20 by Shift Ledger. Calculation methodology and corrections