Pay Wage Calculator
Convert hourly rates to annual salary and calculate gross earnings
Gross Earnings Summary
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*Calculations are based on 52 weeks per year. These figures represent gross pay before taxes and deductions.
How to Use the Pay Wage Calculator
Understanding your total compensation is critical for budgeting and career planning. This Pay Wage Calculator allows you to quickly convert your hourly rate into a comprehensive salary breakdown, including overtime considerations.
The Math Behind Your Paycheck
To calculate your gross pay manually, you can use these standard formulas:
- Weekly Gross Pay: (Hourly Rate × Standard Hours) + (Overtime Hours × Overtime Rate × Multiplier)
- Annual Salary: Weekly Gross Pay × 52 Weeks
- Monthly Pay: Annual Salary ÷ 12 Months
Real-World Example Calculation
Let’s say you earn $28.00 per hour and work a standard 40-hour week. Additionally, you work 5 hours of overtime at a 1.5x time-and-a-half rate.
- Regular Pay: $28.00 × 40 = $1,120.00
- Overtime Pay: ($28.00 × 1.5) × 5 = $210.00
- Total Weekly Pay: $1,120 + $210 = $1,330.00
- Annual Gross Salary: $1,330.00 × 52 = $69,160.00
Why This Matters
Knowing your gross annual wage is essential when applying for loans, renting an apartment, or negotiating a new job offer. Remember that “Gross Pay” is the amount earned before federal, state, and local taxes, or benefits like health insurance and 401(k) contributions are deducted.
function calculateWage() {
var rate = parseFloat(document.getElementById(“hourlyRate”).value);
var stdHours = parseFloat(document.getElementById(“hoursPerWeek”).value);
var otHours = parseFloat(document.getElementById(“overtimeHours”).value);
var otMult = parseFloat(document.getElementById(“overtimeRate”).value);
// Validation
if (isNaN(rate) || rate < 0) {
alert("Please enter a valid hourly pay rate.");
return;
}
if (isNaN(stdHours) || stdHours < 0) {
stdHours = 0;
}
if (isNaN(otHours) || otHours < 0) {
otHours = 0;
}
if (isNaN(otMult) || otMult < 0) {
otMult = 1;
}
// Calculations
var regularPay = rate * stdHours;
var otPay = otHours * (rate * otMult);
var weeklyTotal = regularPay + otPay;
var annualTotal = weeklyTotal * 52;
var monthlyTotal = annualTotal / 12;
var biWeeklyTotal = weeklyTotal * 2;
// Formatter
var formatter = new Intl.NumberFormat('en-US', {
style: 'currency',
currency: 'USD',
});
// Output
document.getElementById("weeklyRes").innerHTML = formatter.format(weeklyTotal);
document.getElementById("biWeeklyRes").innerHTML = formatter.format(biWeeklyTotal);
document.getElementById("monthlyRes").innerHTML = formatter.format(monthlyTotal);
document.getElementById("annualRes").innerHTML = formatter.format(annualTotal);
}
// Initial calculation attempt
window.onload = function() {
if(document.getElementById("hourlyRate").value !== "") {
calculateWage();
}
};
@media (max-width: 600px) {
#pay-wage-calc-container div[style*=”grid-template-columns”] {
grid-template-columns: 1fr !important;
}
}