Disposable Income Calculator

Disposable Income Calculator calculator can be used to calculate the amount of disposable income after subtracting taxes and other mandatory deductions from gross income.

Input Parameters

Calculation Results

Calculation Formula

Disposable Income = Gross Income - (Federal Tax + State Tax + Social Security Tax + Medicare Tax)

Where:
Gross Income: Your total income before taxes and deductions
Federal Tax: Percentage of income taxed by the federal government
State Tax: Percentage of income taxed by the state government
Social Security Tax: Percentage of income contributed to social security
Medicare Tax: Percentage of income contributed to medicare

Disposable Income

$0.00

Disposable Income Calculator Calculator Usage Guide

Learn how to use the Disposable Income Calculator calculator and its working principles

How to Use the Disposable Income Calculator

  1. Enter your gross income in the first field.
  2. Input the federal tax rate as a percentage in the second field.
  3. Enter the state tax rate as a percentage in the third field.
  4. Input the social security tax rate as a percentage in the fourth field.
  5. Enter the medicare tax rate as a percentage in the fifth field.
  6. Click the "Calculate" button to compute your disposable income.
  7. Click the "Reset" button to clear all input fields and start over.

Understanding the Calculation

The calculator works by subtracting various taxes and mandatory deductions from your gross income to determine your disposable income. The formula used is:

Disposable Income = Gross Income - (Federal Tax + State Tax + Social Security Tax + Medicare Tax)

This formula helps you understand how much income you have left after all deductions, which can be used for your living expenses, savings, and investments.