Subtract standard deduction and pre-tax contributions to determine taxable income. Use tax tables to estimate federal tax; add state, Social Security, and Medicare taxes. After taxes, subtract ...

Calculate take-home pay by dividing actual paycheck amount by gross pay and multiplying by 100. Adjust calculations for salaried or hourly status to find correct gross pay per period. Consider bonuses ...

Exempt employees are typically referred to as salaried employees, and while not all employees who are paid by salary, rather than by hourly wages, are exempt employees, most do fit the general rule.