Our hourly paycheck calculator software is engineer tested for accuracy each time you use it. It also uses a constantly updated tax engine/database to ensure proper tax withholding and make the calculator even easier to use. All in all, you can count on our paycheck calculators to eliminate the stress and lost time that used to accompany your payroll process.
Here are three of the most frequently-asked-questions about our hourly paycheck calculator and Tennessee income taxes:
- Does Tennessee levy state income taxes on personal work earnings?
No. Tennessee imposes an income tax on interest and dividend earnings, but residents do not pay income tax on their work earnings.
- What are the tax rates for investment interest and dividends in Tennessee?
The tax rate for investment interest is 5%. For dividends, the state withholds 2%.
- Does Tennessee have provisions for termination pay?
Whether they get fired or quit voluntarily, Tennessee must pay a former employee’s remaining wages on the next paycheck.