Determine the pay period
Identify the hourly rate or annual salary
For hourly pay, multiply hours worked by hourly rate
Add overtime pay if applicable
Add bonuses, commissions, or allowances if applicable
Subtract taxes and other deductions
Subtract retirement, insurance, or benefit contributions if applicable
The result is the net salary
For annual salary, divide by the number of pay periods to get gross pay per period
Multiply gross pay per period by the number of periods worked to get total gross salary
Subtract deductions to get net salary