2017 RANKING & REVIEWS
TOP MONTHLY PAY CALCULATORS
Using a Monthly Pay Calculator or Monthly Tax Calculator to Understand Your Finances
Calculating monthly income may not look like a difficult task at first glance. But when you consider all the taxes and other withholdings that will come out of your paycheck, it can be difficult to calculate monthly income or taxes correctly. That is where an online monthly pay calculator comes in!
A monthly income calculator or a monthly tax calculator can help you figure out exactly how much money your job will be bringing in each and every month. When you know this information, you can plan your finances accordingly.
Award Emblem: Top 6 Best Monthly Income & Monthly Tax Calculators
This article stands as your 2017 guide to the six best monthly pay calculator options available to you online.
We will show you a gross monthly income calculator, a monthly net pay calculator, a monthly income tax calculator, and more. This will calculate monthly salary and calculate monthly income tax for you.
By using one or more of these monthly income calculator/monthly tax calculator websites, you can have a better grasp on your money throughout 2017.
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AdvisoryHQ’s List of the Top 6 Best Monthly Income Calculators
List is sorted alphabetically (click any of the calculator names below to go directly to the detailed review section for that income calculator):
Top 6 Best Monthly Tax Calculators/Income Calculator Options| Brief Comparison & Ranking
Monthly Pay Calculator/ Monthly Tax Calculators | Calculate | Calculate | Hourly | Unique |
Calculator.net | YES | YES | Salary | Simple & quick monthly pay calculator |
eSmart Paycheck | YES | YES | Hourly | Net monthly income calculator/ PDF option |
iCalculator | YES | YES | Both | Offers calculators for various countries; breaks down by yearly, monthly, biweekly, etc. |
Paycheck City | YES | YES | Both | General monthly pay calculator with simple breakdown |
Paycheck Manager | NO | YES | Both | Comprehensive breakdown of all taxes and deductions |
Tax Form Calculator | YES | YES | Salary | Monthly tax calculator for federal and state |
Table: Top 6 Best Monthly Pay Calculator | Above list is sorted alphabetically
How Do Monthly Pay Calculator Websites Work?
Figuring out your gross income, net income, and tax payments is technically possible without the help of an online monthly income calculator or monthly tax calculator. But to do so, you will need to know and understand so many different numbers, percentages, and calculations.
These websites already have the percentages in their algorithms; all you need to do is fill out the blanks, and the monthly pay calculator will instantly calculate monthly salary and taxes.
This is a quick and simple way to know what to expect from your paycheck without having to learn how to calculate monthly payment information on your own.
Since there is never any identifying information (example: name, Social Security number, address, etc.) included in these online monthly income calculator options, you do not have to worry about privacy issues.
What Type of Information Will a Monthly Tax Calculator/Pay Calculator Give You?
When you get a job, you will typically either be offered an hourly wage or a yearly salary. This will be your gross income (pre-tax income).
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Yet many expenses are paid monthly, such as rent/house payment, car payment, or insurance. You will want to know how much money you bring in monthly so you can see what you can afford to spend or save.
A monthly pay calculator or monthly tax calculator will help you figure out what your hourly wage or yearly salary breaks down to each month. They will also calculate monthly salary post-taxes (also known as your net income) and let you see what taxes are being removed each month.
Know that these monthly income calculator options are also great for those who are self-employed. They can help you figure out how much money you need to make each month to earn to meet your needs.
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AdvisoryHQ’s Selection Methodology
What methodology does AdvisoryHQ use in selecting and finalizing the credit cards, financial products, firms, services, calculators, and products that are ranked on its various top-rated lists?
Please click here “AdvisoryHQ’s Ranking Methodologies” for a detailed review of AdvisoryHQ’s selection methodologies for ranking top-rated credit cards, financial accounts, firms, products, and services.
Detailed Review – Top Ranking Best Monthly Income Calculator Websites
Below, please find a detailed review of each calculator on our list of websites to calculate monthly income. We have highlighted some of the factors that allowed these net/gross monthly income calculator websites to score so highly in our selection ranking.
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Calculator.net Review
First up on our list is the monthly pay calculator from Calculator.net. This particular option works as both a gross monthly income calculator and a monthly net income calculator.
The largest benefit to choosing this website to calculate monthly income is that it is both simple and fast. Since it is not as in-depth as some of the other monthly income calculator options, you will not be as bogged down in filling out details.
To use this gross/net monthly income calculator, you will need to enter the following information:
- Your annual income/salary
- Your pay frequency
- Filing status
- Number of federal allowances
- Other monthly deductions
- State tax rate (they help you find that number)
- City tax rate
- Self-employment status
Once that is all in, the website will calculate monthly salary information and offer you the following numbers:
- Gross pay
- Federal income tax
- Social Security tax
- Medicare tax
- State income tax
- City income tax
- Deductions
- Final pay check (AKA your net pay)
eSmart Paycheck Review
Next up, we have the eSmart Paycheck monthly tax calculator/monthly net pay calculator. The main purpose of this calculator is to calculate monthly income post- taxes, otherwise known as your net pay.
To use this monthly net income calculator, you will need to enter the following information:
- Tax year
- State
- Marital status
- Number of allowances
- Additional withholding
- Exemptions
- State tax information
- Pay cycle (choose monthly to calculate monthly payment from employer)
- Earnings
- Hours
- Rates
You will then be able to see the following information from the monthly net income calculator calculations:
- Federal income tax withholding
- Social Security tax withholding
- Medicare tax withholding
- Any state income/withholdings
- Your net pay
This particular monthly net pay calculator allows you to convert the results to a PDF. You can then print out this convenient PDF to reference the information all year long.
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iCalculator Review
Now, let’s take a look at the iCalculator monthly tax calculator. This calculator has two special features that make this monthly income tax calculator unique.
The first perk is that you can choose to use this monthly income calculator to calculate your pay in eight different countries (including the United States). Then you can also have a breakdown of your gross pay, your net pay, and the taxes in yearly, monthly, 4 weekly, 4-weekly, biweekly, weekly, daily, or hourly installments.
This option helps you calculate monthly income tax by asking for the following information:
- Monthly income
- Tax year
- Hours worked per week
- Tax code (it will show you how to find this information)
- Your sex
- Your age
- Pension information
- Allowances
- Loans
Image Source: iCalculator
Once you have entered this information, this monthly pay calculator/monthly tax calculator will give you a detailed and in-depth overview of your income, your withholdings, your taxes, your state taxes, and more.
Paycheck City Review
The next monthly pay calculator comes from Paycheck City. This option serves as a gross monthly income calculator, a net monthly income calculator, and a monthly income tax calculator.
In order to calculate monthly payment from your employer and to calculate monthly income tax, you will need to enter the following information:
- Check date
- State
- Gross pay
- Gross pay time
- Gross salary year to date
- Pay frequency (select “monthly” in order to use this as a monthly income calculator)
- Federal filing status
- Number of federal allowances
- Additional federal withholding
- Round federal withholding
- Exemptions
- Additional state withholding
- State elected percentage rate
- Deductions
As you will see, you will only receive basic information from this monthly pay calculator:
- Gross pay
- Federal withholding
- Social Security
- Medicare
- State tax
- Net pay
But this basic information may be all you need to better understand your unique financial situation. From this monthly income calculator, you will know how much your employer pays you, how much you bring home, and what to expect for the tax year.
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Paycheck Manager Review
Next up, we have the monthly tax calculator/monthly pay calculator from Paycheck Manager.
Image Source: Paycheck Manager
When it comes to calculating monthly income or monthly taxes, this is one of the more in-depth choices. It may take you a few minutes to fill out the online form, but you will receive a detailed breakdown once you have completed it.
You will need to include the following information on this monthly income calculator:
- Tax year
- State
- Marital status for federal taxes
- Allowances for federal taxes
- Marital status for state taxes
- Allowances for state taxes
- Pay cycle (choose monthly to make this a monthly tax calculator)
- Pay rate
- Time (choose between hourly, weekly, monthly, yearly)
- Hourly salary
- Annual salary
- Overtime rate
- Overtime hours
- Non-tax deductions
- Federal tax withholding
- Social Security tax info
- Medicare tax info
- State income tax withholdings
- After-tax adjustment info
Once this information has gone into the individual income tax calculator, you will get a lengthy breakdown of what you should expect from your monthly pay calculator.
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Tax Form Calculator Review
Finally, we have one more monthly tax calculator. The Tax Form Calculator helps you figure out all the detailed information when it comes to calculating monthly income tax from both the federal government and state governments.
To use this monthly income tax calculator, you will need to enter the following information:
- Tax status and family
- Exemptions
- Deduction and local tax options
- IRA and 401(k) options
- Withholdings
The monthly tax calculator will then calculate monthly payment for taxes and give you the following numbers:
- Gross pay
- Tax deferred retirement
- Cafeteria/other pre-tax
- Circumstance exemptions
- Taxable income
- Federal income tax
- State income tax
- Adjusted federal income tax
- Social Security
- Medicare tax
- Additional Medicare tax
Although this does work as a monthly income tax calculator, it will also give you tax breakdowns for yearly, 4-weekly, biweekly, and daily pay schedules. In addition, this option also serves as both a gross monthly income calculator and a monthly net pay calculator.
Conclusion – Top Monthly Income Calculator and Monthly Tax Calculator Websites
Now you have a better idea of which websites to go to when you want to use either a monthly pay calculator or a monthly income tax calculator.
All six of these options can help you calculate monthly income as well as calculate monthly payment toward taxes in order to know how much to expect to bring home.
When you have access to information like this, you can better plan to pay off credit cards, start a retirement account, build savings, or save up for a large purchase.
Choose from these monthly tax calculator/pay calculator options for calculating monthly income throughout 2017.
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Reasonable efforts have been made by AdvisoryHQ to present accurate information, however all info is presented without warranty. Review AdvisoryHQ’s Terms for details. Also review each firm’s site for the most updated data, rates and info.
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