Have you ever wanted to calculate how much you will make weekly after taxes are taken out of each PayCheck? I know that I did, and that’s why I made this script. The calculation is pretty simple, so the script is as well.
How can a script like this be useful?
- One can get a quick estimate of what they will make at a company.
- Generate quotes with the tax rate that’s added on too your hourly rate, so you make your desired amount.
- Parse the potential salary of jobs sent too an email, so no time is wasted looking at jobs that don’t have a desired pay.
Of course doing any of these things will require adding too the script.
// total-hours = 40 hours a week // tax-rate = 16.5% // hourly-rate = 11.50; // formula to calculate weekly pay // total-hours * hourly-rate = weekly-pay // weekly-pay * (tax-rate/100) = total-deducted // weekly-pay - total-deducted = total-weekly-pay $calculationInputs = array( 'total-hours' => 40, 'tax-rate' => 16.5 / 100, 'hourly-rate' => 11.50 ); // //the weekly pay before taxes. $calculationsResults = array('weekly-pay' => $calculationInputs['total-hours'] * $calculationInputs['hourly-rate'] ); // amount of taxes that will be deducted each week. $calculationsResults['total-deducted'] = $calculationInputs['tax-rate'] * $calculationsResults['weekly-pay']; //total pay $calculationsResults['total-weekly-pay'] = $calculationsResults['weekly-pay'] - $calculationsResults['total-deducted']; //see the results //var_dump($calculationsResults);