Gross Income: Users input their annual gross income (before taxes and deductions).

Federal Tax Rate: Users input the federal tax rate as a percentage.

State Tax Rate: Users input the state tax rate (if applicable).

Social Security and Medicare Rates: Pre-filled with the standard U.S. rates, but can be modified if needed.

Other Deductions: Users can input any additional deductions (e.g., retirement contributions, insurance, etc.).

Input Fields:

• Annual Gross Income: The total earnings before taxes and deductions.

• Federal and State Tax Rates: The applicable tax rates for federal and state taxes.

• Social Security and Medicare Rates: Standard rates are pre-filled, but users can adjust them if necessary.

• Other Deductions: Any additional monthly deductions that affect net income.

Calculation Logic:

• The calculator first calculates the federal, state, Social Security, and Medicare deductions as percentages of the gross income.

• Then, it sums all the deductions, including any user-provided additional deductions.

• Finally, it subtracts these deductions from the gross income to determine the annual and monthly net income.