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Frequently Asked Questions

How is annual salary calculated from an hourly rate?

Annual salary = hourly rate × hours per week × weeks per year. The default values of 40 hours/week and 52 weeks/year represent a standard full-time US work schedule, giving the commonly used formula: annual = hourly × 2,080. Weekly pay = hourly × hours per week. Monthly pay = annual ÷ 12. Bi-weekly pay = annual ÷ 26.

What if I work fewer weeks due to unpaid leave?

Simply change the "Weeks per year" field to reflect your actual working weeks. For example, if you take 4 weeks of unpaid leave, enter 48. The calculator updates all figures in real time. This is especially useful for contractors and freelancers who may not work 52 weeks a year.

Does the calculation account for taxes?

No — all figures shown are gross (pre-tax) amounts. Tax deductions vary widely depending on your country, filing status, deductions, and other income. To find your net (take-home) pay, subtract your estimated income tax, social security, and any other withholdings from the gross figures shown here.