| Period | Earnings |
| Annual | '+formatter.format(annual)+' |
| Monthly | '+formatter.format(monthly)+' |
| Bi-weekly | '+formatter.format(biweekly)+' |
| Weekly | '+formatter.format(weekly)+' |
| Daily (5-day week) | '+formatter.format(daily)+' |
| Hourly | '+formatter.format(hourly)+' |
';if(type==='annual_to_hourly'){stepsText+='1. Annual Salary = '+formatter.format(annual)+'
';stepsText+='2. Total annual hours = '+weeks+' weeks × '+hours+' hours = '+(weeks*hours)+' hours
';stepsText+='3. Hourly Wage = '+formatter.format(annual)+' / '+(weeks*hours)+' = '+formatter.format(hourly);}else{stepsText+='1. Hourly Wage = '+formatter.format(hourly)+'
';stepsText+='2. Weekly Salary = '+formatter.format(hourly)+' × '+hours+' hours = '+formatter.format(hourly*hours)+'
';stepsText+='3. Annual Salary = '+formatter.format(hourly*hours)+' × '+weeks+' weeks = '+formatter.format(annual);}document.getElementById('stepSolution').innerHTML=stepsText;document.getElementById('stepSolution').style.display='block';}else{document.getElementById('stepSolution').style.display='none';}document.getElementById('answer').style.display='block';}
Salary Calculator Use
The salary calculator is an essential tool for employees, freelancers, and recruiters to convert between different pay frequencies. Whether you are negotiating a new job offer or planning your personal budget, knowing exactly how much you earn on an hourly, weekly, or monthly basis is crucial for financial clarity.
By adjusting the hours worked per week and the number of working weeks per year, you can customize the calculation to reflect your specific employment situation, including part-time work or seasonal roles.
- Annual Salary / Hourly Wage
- The gross amount you are paid before taxes and other deductions. Enter your yearly salary to find your hourly rate, or vice versa.
- Hours per Week
- The number of hours you typically work in a seven-day period. The standard full-time workweek is usually 40 hours.
- Weeks per Year
- The total number of weeks you receive pay. While a standard year has 52 weeks, some contractors might calculate based on 50 weeks to account for unpaid vacation time.
How It Works
The salary calculator uses standard mathematical conversions to break down your income. The fundamental relationship between hourly pay and annual salary is defined by the total number of hours worked in a year.
Annual Salary = Hourly Wage × Hours per Week × Weeks per Year
- Hourly to Annual: Multiply your hourly rate by your weekly hours, then multiply that result by the number of weeks you work annually.
- Annual to Hourly: Divide your total annual salary by the total number of hours worked in the year (Weeks × Hours per week).
- Monthly Conversion: Simply divide the annual salary by 12. Note that monthly pay is not simply weekly pay times four, as most months are slightly longer than four weeks.
- Bi-weekly Conversion: Divide the annual salary by 26 (the number of two-week periods in a 52-week year).
Calculation Example
Example: An employee is offered a job with an hourly wage of $32.00. They plan to work a standard 40-hour week for 52 weeks a year. What is their gross annual salary and monthly income?
Step-by-step solution:
- Identify the inputs: Hourly Wage = $32.00, Hours = 40, Weeks = 52.
- Calculate Weekly Income: $32.00 × 40 = $1,280.00.
- Calculate Annual Salary: $1,280.00 × 52 = $66,560.00.
- Calculate Monthly Salary: $66,560.00 / 12 = $5,546.67.
- Result: The annual salary is $66,560.00.
Common Questions
Does this salary calculator include taxes?
No, this calculator determines your gross income, which is the amount earned before federal, state, and local taxes, Social Security, or health insurance deductions are taken out. Your "take-home" or net pay will be lower depending on your tax bracket and location.
What if I get paid for 2 weeks of vacation?
If your vacation is paid, you should use 52 weeks in the calculator. If your vacation is unpaid, you should subtract those weeks from the total. For example, if you take 2 weeks of unpaid leave, use 50 weeks for your calculation.
How do I calculate overtime?
Overtime is typically paid at 1.5 times your regular hourly rate for any hours worked over 40 in a week. This calculator is designed for base salary; to calculate overtime, you would need to calculate those extra hours separately using the "Time and a Half" rate and add them to your base annual total.