QUICK ANSWER
New pay = current pay × (1 + raise percentage). A 4% raise on $60,000 produces $62,400, or $92.31 more per biweekly paycheck before deductions.
01Three ways to enter a raise
| Input method | Entry | New annual pay |
|---|---|---|
| Percentage | 4% | $62,400 |
| Annual amount | $2,400 | $62,400 |
| Known new pay | $62,400 | $62,400 |
02Gross change, not take-home change
The calculator keeps the math stable by showing gross pay. The actual deposit depends on withholding, benefit elections, retirement contributions and other payroll deductions.
HOURLY EXAMPLE
$22.00 per hour plus $1.25
- New hourly rate$23.25
- Percentage change5.68%
- Annual increase at 2,080 hours$2,600
Common questions
Can the calculator handle a pay cut?
Yes. Use a negative percentage or amount, provided the result is not negative.
Does it adjust for inflation?
No. It reports nominal gross pay so the result does not depend on a time-sensitive inflation assumption.