Weekly Income Calculator
Estimate your gross weekly earnings and annual projections
Income Summary
Weekly Gross Income:
$0.00
Monthly Estimate (4.33 weeks):
$0.00
Annual Gross Income:
$0.00
Understanding Your Weekly Income Calculation
Calculating your weekly income is the first step toward effective personal budgeting. While many people focus solely on their hourly rate, your total "take-home" potential includes overtime premiums, consistent bonuses, and commissions that can significantly change your financial outlook.
The Weekly Income Formula
To find your gross weekly income, we use the following mathematical logic:
Weekly Income = (Hourly Wage × Regular Hours) + (Hourly Wage × Overtime Multiplier × Overtime Hours) + Weekly Bonus
Key Factors in Your Paycheck
- Gross vs. Net: This calculator provides Gross Income, which is your pay before taxes, health insurance, or retirement contributions are deducted.
- Overtime Multiplier: Most standard employment contracts in the US and Europe use a 1.5x multiplier ("time and a half") for hours worked over 40 per week.
- Annualization: To find your yearly salary from your weekly pay, we multiply the weekly total by 52. For monthly estimates, we use 4.33 (the average number of weeks in a month).
Real-World Example
If you earn $25.00 per hour and work a standard 40-hour week, but also put in 5 hours of overtime at a 1.5x rate and receive a $50 weekly bonus, your calculation would look like this:
- Base Pay: $25 × 40 = $1,000
- Overtime Pay: ($25 × 1.5) × 5 = $187.50
- Bonus: $50.00
- Total Weekly Gross: $1,237.50