event & doesn't satisfy the question. NC Paycheck Calculator Hourly Rate: Hours Worked: Payroll Tax Rate (ex. 0.06): FICA Tax Rate (ex. 0.0765): Calculate Paycheck Your result will be here. function calculatePaycheck() { let hr = document.getElementById('hr').value; let hw = document.getElementById('hw').value; let pt = document.getElementById('pt').value; let ft = document.getElementById('ft').value; let grossPay = hr * hw; let payrollTaxes = grossPay * pt; let ficaTaxes = grossPay * ft; let netPay = grossPay - payrollTaxes - ficaTaxes; document.querySelector('.calculation-result').innerHTML = `Gross Pay: $${grossPay}<br> Payroll Tax: $${payrollTaxes.toFixed(2)}<br> FICA Tax: $${ficaTaxes.toFixed(2)}<br> Net Pay: $${netPay.toFixed(2)}`; } Understanding NC Paycheck Calculator Basics When it comes to your finances, understanding how your paycheck is calculated can make a world of difference. Whether you are interested in paying less in taxes, maximizing your retirement savings, or just want to know how much you’re getting paid each week, understanding the NC paycheck calculator is the key to success. This article will walk you through the basics of the NC paycheck calculator so you can better understand your financial situation and make the most of your income. How the NC Paycheck Calculator Works The NC paycheck calculator is a simple tool that helps you find out how much your paychecks are going to be. The calculator will take into account taxes, withholdings from benefits like health insurance and retirement contributions, and other deductions. Then the calculator will break it down and show you what each item is and what percentage it takes from each paycheck. This way you can better understand what is deducted from your paycheck and be better prepared when calculating your estimated income. Understanding Paycheck Taxes and Deductions When using the NC paycheck calculator, it is important to understand how taxes and deductions work when it comes to your paycheck. Depending on where you live, there may be state taxes and city or county taxes as well. Understanding how these taxes are deducted from your paychecks can help you better understand your overall financial situation. Other deductions include Social Security, Medicare, and federal and state taxes. All of these deductions should be included in the NC paycheck calculator. You can also add any voluntary deductions in the calculator, such as contributions to a 401(k) or other retirement fund. Factoring in Withholdings It is important to factor in withholdings when using the NC paycheck calculator. Other deductions, such as health insurance or contributions to a retirement fund, will also have to be accounted for in the calculator. Keep in mind that it is possible to have wages taken out of each paycheck that are not taken out in taxes. This includes 401(k) contributions, health insurance premiums, and more, so make sure to factor these into the calculator as well so that you don't underestimate your income. NC Paycheck Calculator Tips When it comes to using the NC paycheck calculator, it is important to make sure you enter all relevant information so that you are not surprised when your paycheck arrives. Be sure to include all applicable taxes, deductions, and withholdings so that you can accurately calculate your estimated income. Additionally, make sure you factor in any raises or bonuses you have received since your last paycheck. This will help you get an accurate estimate of what you will be receiving each month. Using the NC Paycheck Calculator With all of the deductions and taxes, it can be difficult to understand how much money you'll be receiving each paycheck. That’s why the NC paycheck calculator is an invaluable tool. It helps you accurately calculate your estimated income and better understand how much is deducted from each paycheck. With a better understanding of your financial situation, you can make the most of your money and have a better overall financial future.