Net Paycheck Estimator

STEP 1: Enter Monthly Income:

Gross pay for the monthly pay period before taxes and deductions. This is your total earnings for the month. If you are contracted for less than 12 months but elect 12 monthly paychecks, you must divide your annual salary by 12.

STEP 2: Add Excess Life Insurance Benefit:

(If you earn more $50,000 annually)
Group term life insurance provided by Northwest is not taxed on the value on the first $50,000 of coverage. The value of the remaining coverage is a taxable benefit and is to be added into the employee's gross income. This amount is presented on your paystub.

STEP 3: Select Federal Filing Status:

Select tax filing status claimed on W-4 form. If unsure, contact Payroll Office.

STEP 4: Total Number of Federal Allowances:

Select number of allowances claimed on W-4 form. If unsure, contact Payroll Office.

STEP 5: Additional Monthly Federal Tax Withholdings:

Additional dollar amount withheld from each pay period.

STEP 6: Select State Filing Status:

Select tax filing status claimed on W-4 form. If unsure, contact Payroll Office.

STEP 7: Total Number of State Allowances:

Select number of allowances claimed on W-4 form. If unsure, contact Payroll Office.

STEP 8: Additional Monthly State Tax Withholdings:

Additional dollar amount withheld from each pay period.

STEP 9: Additional Withholdings for 403B & 457B:

Payroll-deducted tax sheltered annuity.

STEP 10: Cafeteria plan:

Enter any pre-tax deductions as a result of enrolling in the Missouri State Employees Cafeteria Plan:

• Health Insurance Premiums (University- Sponsored Plan)

• Dental Insurance Premiums (University-Sponsored Plan)

• Flexible Medical

• Dependent Care

Step 11: Other Post-Tax Deductions:

Enter the total of all other voluntary payroll deductions (Credit Union, Life Insurance, Cafeteria Plan Administrative Fee, Parking Permits, United Way, Northwest Foundation, etc.).

Your Net Paycheck is:

FICA Tax:

MQFE (Medicare) Tax:

Federal Tax:

State Tax: