How to Calculate Gross Pay

The calculator below may be used to estimate your bi-weekly gross pay.

  • Hourly employees please enter the hourly rate from your pay stub.
  • Other employee types please enter the gross pay from your pay stub.

Pay stubs may be found in MYINFO>Employee Services>Pay Information

 

 

How to Estimate Net Pay

Net pay may be estimated using your choice of online pay calculators found on sites such as: www.paycheckcity.com and www.adp.com/resources/tools

Information you will need to estimate bi-weekly net “take home” pay:

  • Bi-weekly gross pay:
    • Use the “gross pay” calculator to estimate your bi-weekly pay.
    • Exclude overtime or extra compensation from gross pay calculation unless you expect it to continue
  • Some online net pay calculators ask for year-to-date gross earnings. This information is summarized at the top of the pay stub in My Info/Banner Web.  Total the column labeled “Gross Pay.”

 

  • Payroll deductions:
    • Go to My Info/Banner Web_ Employee Services_ Pay Information to look at your pay stub.
    • Notice that your deductions are grouped by pre-tax, taxes, and after tax. For each deduction, you will need to know what taxes apply to that deduction.  For example, all after-tax deductions are subject to federal, state, Medicare and Social Security.  Your pre-tax out-of-pocket insurance, retirement, and salary deferrals are EXEMPT from federal and state tax.    
    • All deductions on your current pay stub reflect monthly amounts—you must convert each to a bi-weekly amount.
      • Many deductions will only be taken from 24 of your 26 paychecks per calendar year or 20 pays per Academic year. For 26 pay employees there will be two months with 3 paydays (see Pay Calendar).  Employees converting to 26 pays should note that the third paycheck in each of those months will NOT have the following deductions taken:           
        • Certain Union  dues
        • United Way and other optional deductions
        • To calculate the biweekly equivalent for these deductions, just divide your current monthly deduction by two
        • Insurance out-of-pocket cost. The best way to arrive at this dollar amount is to add your pre-tax insurance premiums together (Basic Life, Dental, LTD, Medical and Vision), subtract the Employee Credit amount, and add on Health Care and/or Dependent Care Flex.  Then, take this number and divide by two for the bi-weekly out of pocket insurance cost.

 

  • Some deductions will be taken from all paychecks.  These include:
    • Taxes (state, federal, Medicare and Social Security)—you will be asked how your federal and state W-4s are set up. Go to My Info/Banner Web_ Employee Services_ Tax Forms_ W-4 Tax Exemptions/Allowances. 
    •  Retirement—you will be asked for the employee’s percent contribution. Contribution rates for PERS and classified TIAA are:  9%, TRS 8.15% and TIAA for professionals and faculty 7.044%.
    • Garnishments, Payroll Deferrals (eg. 403b, 457 Deferred Comp)--to calculate the bi-weekly equivalent for these deductions, take your current monthly deduction multiplied by 12 then divided by 26.
  •  You will likely be asked for year-to-date deduction totals (eg. how much of each deduction has been withheld from your pay since January 2020). This information is located at the top of each pay stub in My Info/Banner Web where it reads “Note: To see your Year to Date deduction totals, Click here”.