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Travel Nursing 101: How To Calculate Net Pay

Calculating your net pay can be confusing, especially if you are new to the travel nursing world. Here's a simple break down of how to calculate your net pay.

Calculating Net Pay

When getting pay package quotes from an agency, the net pay or take-home pay can be a little tricky. In its simplest terms, the net pay is what is left of your paycheck after all of your deductions, which include:

Federal Income Tax Withholding: the calculation based on exemptions claimed on your W4 and your income level based off of taxable wage of assignment

State/Local Income Tax Withholding: the calculation based on exemptions claimed on your state tax form and your income level based off of taxable wage of assignment, not every state has a tax withholding and those that do vary by state

FICA Withholding: stands for Federal Insurance Contributions Act and is a fixed percentage calculation of an employee’s gross taxable wage, it covers:

  • Social Security/OASDI (Old Age, Survivors, & Disability Insurance)
  • Medicare

Voluntary Deductions: such as health insurance, vision insurance, dental insurance, 401k

There are multiple variables that impact your net pay including taxable wage amount, the location of assignment, and any voluntary deductions. Your net pay amount can vary from assignment to assignment. Any net pay/take-home pay quote should be taken as an estimation. In any situation involving your income, it is best to consult a tax professional with any questions you may have.

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