Managing your monthly budget can be difficult and frustrating. One of the most important aspects of controlling your budget is to determine where your money is going. This calculator helps you do just that. By entering your income and monthly expenditures, you can see how much you have left to save and where your money is being spent.
Your total gross income from your paycheck.
Any other income that you receive including bonuses, alimony, child support or income from a business.
Total amount withheld for federal taxes. Enter this amount from your pay stub.
Total amount withheld for state taxes. Enter this amount from your pay stub.
Total amount withheld for local taxes. Enter this amount from your pay stub.
Total amount withheld for any other taxes or miscellaneous item. Enter this amount from your pay stub.
Total withheld for FICA (Federal Insurance Contributions Act) is based on the gross income on your paycheck.
Total withheld for Medicare based on the gross income on your paycheck.
Total amount withheld for insurance and benefits by your employer. Enter this amount from your pay stub.
Total amount withheld from your paycheck that is deposited into a company retirement savings plan such as a 401(k) or 403(b).