Please enter valid positive numbers for wage and hours.
Gross Income Estimation
Annual Salary
$0.00
Monthly Pay
$0.00
Bi-Weekly Pay
$0.00
Weekly Pay
$0.00
Daily Pay (8h)
$0.00
*Figures represent gross pay before taxes and deductions.
function calculateSalary() {
// Retrieve inputs
var hourlyRateInput = document.getElementById("hourlyRate");
var hoursPerWeekInput = document.getElementById("hoursPerWeek");
var weeksPerYearInput = document.getElementById("weeksPerYear");
var overtimeHoursInput = document.getElementById("overtimeHours");
var resultArea = document.getElementById("result-area");
var errorDisplay = document.getElementById("errorDisplay");
// Parse values
var hourlyRate = parseFloat(hourlyRateInput.value);
var hoursPerWeek = parseFloat(hoursPerWeekInput.value);
var weeksPerYear = parseFloat(weeksPerYearInput.value);
var overtimeHours = parseFloat(overtimeHoursInput.value);
// Reset defaults if empty
if (isNaN(overtimeHours)) overtimeHours = 0;
if (isNaN(weeksPerYear)) weeksPerYear = 52;
if (isNaN(hoursPerWeek)) hoursPerWeek = 40;
// Validation
if (isNaN(hourlyRate) || hourlyRate <= 0 || hoursPerWeek < 0 || weeksPerYear <= 0) {
errorDisplay.style.display = "block";
resultArea.style.display = "none";
return;
}
errorDisplay.style.display = "none";
// Calculation Logic
var overtimeRate = hourlyRate * 1.5;
var standardWeeklyPay = hourlyRate * hoursPerWeek;
var overtimeWeeklyPay = overtimeRate * overtimeHours;
var totalWeeklyPay = standardWeeklyPay + overtimeWeeklyPay;
var annualPay = totalWeeklyPay * weeksPerYear;
var monthlyPay = annualPay / 12;
var biweeklyPay = annualPay / 26;
// Approximation for daily based on total weekly pay divided by standard 5 days
// or effectively hours worked per day. Assuming 5 days for simplicity in daily breakdown.
var dailyPay = totalWeeklyPay / 5;
// Update DOM elements
document.getElementById("annualResult").innerHTML = "$" + annualPay.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById("monthlyResult").innerHTML = "$" + monthlyPay.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById("biweeklyResult").innerHTML = "$" + biweeklyPay.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById("weeklyResult").innerHTML = "$" + totalWeeklyPay.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById("dailyResult").innerHTML = "$" + dailyPay.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2});
// Show Results
resultArea.style.display = "block";
}
Understanding Your Hourly to Salary Conversion
Converting your hourly wage to an annual salary is a fundamental step in financial planning, job negotiation, and budgeting. While an hourly rate (e.g., $25/hour) tells you what you earn in the short term, seeing the bigger picture helps you understand your true purchasing power and financial health.
This Wage Calculator Hourly Rate tool simplifies the math by taking your base rate, standard working hours, and any potential overtime into account to project your gross income across different timeframes.
The Basic Calculation Formula
The standard formula used by employers and financial institutions to convert hourly wages to salaries assumes a full-time schedule. Here is the breakdown of the logic used in this calculator:
Weekly Pay: Hourly Rate × Hours Worked per Week
Annual Salary: Weekly Pay × Weeks Worked per Year (Standard is 52)
Monthly Pay: Annual Salary ÷ 12
Bi-Weekly Pay: Annual Salary ÷ 26
Full-Time Year Calculation (2,080 Hours)
In the United States and many other regions, a standard "full-time" work year is calculated based on 40 hours per week for 52 weeks. This equals 2,080 hours per year.
Example: If you make $20.00 per hour:
$20.00 × 2,080 hours = $41,600 per year
Common Hourly Wage to Annual Salary Conversions
Below is a quick reference table for common hourly wages assuming a standard 40-hour work week and 52 working weeks per year.
Hourly Wage
Weekly Pay
Monthly Pay
Annual Salary
$15.00
$600
$2,600
$31,200
$20.00
$800
$3,466
$41,600
$25.00
$1,000
$4,333
$52,000
$30.00
$1,200
$5,200
$62,400
$45.00
$1,800
$7,800
$93,600
Factors That Impact Your Take-Home Pay
It is important to remember that this calculator provides your Gross Income. Your actual "take-home" pay (Net Income) will be lower due to several factors:
Income Tax: Federal, state, and local taxes vary significantly by location.
Social Security & Medicare: Standard payroll deductions in the US (FICA).
Benefits: Deductions for health insurance, retirement contributions (401k), or life insurance.
Unpaid Time Off: If you do not receive paid vacation or sick leave, weeks where you do not work will reduce your annual total compared to the standard 52-week calculation.
The Impact of Overtime
One major advantage of being an hourly employee is the potential for overtime pay. Under the Fair Labor Standards Act (FLSA) in the US, non-exempt employees are entitled to 1.5 times their regular rate of pay for hours worked over 40 in a workweek.
If your base rate is $20/hr, your overtime rate is $30/hr. Just 5 hours of overtime a week can add over $7,800 to your annual pre-tax income.
Why Calculate Your Annual Salary?
Knowing your annual figure is crucial when applying for loans, such as a mortgage or car loan, as lenders look at your yearly debt-to-income ratio. Furthermore, when comparing job offers, one company might offer a salary while another offers an hourly wage. Converting the hourly wage to an annual salary allows for an apples-to-apples comparison to ensure you are making the best career decision.