Budget Worksheet for Non-Clergy Employees

Use this worksheet to determine annual budget figures for a non-clergy employee. Fill out the applicable blanks, and press the "COMPUTE" button. Then print this page for your records. Press the "SAMPLE W-2" button for a sample Form W-2.

Disclaimer: The amounts calculated by this worksheet are not foolproof. Situations and circumstances vary. The advice of a qualified professional should be sought if necessary.

To: From:

Date: From // To //

1. Taxable salary: (Do not include employer's 1/2 of FICA tax)
Extra gifts/bonuses given by employer:
2. Auto & business expense reimbursement: Not allowances; paid separately from salary.
3. Medical & other non-taxed benefits paid by employer:
4. Pension & tax sheltering:
5. Employer's 1/2 of FICA: (7.65% of line 1)
Total Compensation Package:
Income Reportable on W-2: Amounts in lines 2 through 5 are NOT income according to the tax code and should never be reported on W-2's.
FICA Withholding (Employer will match):
Federal Income Tax (for most taxpayers):
State Income Tax: (5% by default, check your state's local rates):
City Income Tax: (2% by default, check your city's local rates):
Total Withholding:
Estimated Take-Home Pay