First Paycheck Calculator
Your first paycheck is almost always smaller than hours times wage. This estimate shows where the money goes: 7.65% for Social Security and Medicare (FICA), plus estimated income tax withholding that you can adjust.
Quick tips
- Your real withholding depends on the W-4 you fill out and your state. Check your pay stub.
- Decide on a savings amount before the money hits your account.
- Many teens get some federal withholding back at tax time. Keep your W-2.
Go deeper
This tool goes with Money: Master of Your Own Domain after High School by Oliver Mark.
Money: Master of Your Own Domain after High Schoolabout 2 hr 15 min
Teen & young adult personal finance · about 136 pages · by Oliver Mark
The guide to college, trade school and first-job life that nobody hands you at graduation.
📚 Read free with Kindle Unlimited (Kindle edition)
More free tools: all calculators · 30-day kids' savings challenge · free lesson plans
For general education only, not personalized financial, tax, legal or investment advice. Numbers are estimates based on what you enter. The Money series is written by Oliver Mark, a former licensed stockbroker (Series 7 and 63).