Hourly
Weekly
Bi-weekly (Every two weeks)
Semi-monthly (Twice a month)
Monthly
Your Estimated Annual Income:
$0.00
Understanding Your Annual Income
This calculator helps you estimate your total income over a one-year period based on your pay frequency and earnings. Knowing your annual income is crucial for financial planning, budgeting, understanding loan eligibility, and tax preparation.
How it Works:
The calculator uses standard conversion factors to project your earnings into a yearly figure. The core logic is based on the following principles:
Hourly to Annual: (Hourly Rate) x (Hours Per Week) x (Weeks Per Year)
Weekly to Annual: (Weekly Wage) x (Weeks Per Year)
Bi-weekly to Annual: (Bi-weekly Wage) x 26 (since there are 26 bi-weekly periods in a year)
Semi-monthly to Annual: (Semi-monthly Wage) x 24 (since there are 24 semi-monthly periods in a year)
Monthly to Annual: (Monthly Wage) x 12 (since there are 12 months in a year)
It's important to note that these are estimations. Factors like overtime pay, bonuses, commission, unpaid leave, or irregular work schedules can cause your actual annual income to differ.
Key Inputs Explained:
Pay Frequency: How often you receive payment (hourly, weekly, bi-weekly, semi-monthly, or monthly).
Hourly Rate: The amount you earn for each hour worked.
Weekly Wage: Your total earnings for a standard work week.
Bi-weekly Wage: Your total earnings for a two-week pay period.
Semi-monthly Wage: Your total earnings for a pay period that occurs twice a month (often around the 15th and 30th).
Monthly Wage: Your total earnings for one month.
Hours Worked Per Week: The typical number of hours you work in a week, essential for hourly calculations.
Weeks Worked Per Year: The number of weeks you are actively employed and earning income within a year. For full-time employees, this is often 52, but it can be less if you take unpaid leave or work seasonally.
Use this tool as a guide to better understand your earning potential over a full year. For precise figures, always refer to your official pay stubs and year-end tax documents.
function showRelevantInputs() {
var frequency = document.getElementById("payFrequency").value;
document.getElementById("hourlyRateGroup").style.display = "none";
document.getElementById("weeklyWageGroup").style.display = "none";
document.getElementById("biweeklyWageGroup").style.display = "none";
document.getElementById("semimonthlyWageGroup").style.display = "none";
document.getElementById("monthlyWageGroup").style.display = "none";
document.getElementById("hoursPerWeekGroup").style.display = "none";
if (frequency === "hourly") {
document.getElementById("hourlyRateGroup").style.display = "flex";
document.getElementById("hoursPerWeekGroup").style.display = "flex";
} else if (frequency === "weekly") {
document.getElementById("weeklyWageGroup").style.display = "flex";
document.getElementById("weeksPerYearGroup").style.display = "flex";
} else if (frequency === "biweekly") {
document.getElementById("biweeklyWageGroup").style.display = "flex";
document.getElementById("weeksPerYearGroup").style.display = "flex";
} else if (frequency === "semimonthly") {
document.getElementById("semimonthlyWageGroup").style.display = "flex";
document.getElementById("weeksPerYearGroup").style.display = "flex";
} else if (frequency === "monthly") {
document.getElementById("monthlyWageGroup").style.display = "flex";
document.getElementById("weeksPerYearGroup").style.display = "flex";
}
}
function calculateAnnualIncome() {
var frequency = document.getElementById("payFrequency").value;
var annualIncome = 0;
var hourlyRate, weeklyWage, biweeklyWage, semimonthlyWage, monthlyWage, hoursPerWeek, weeksPerYear;
// Reset previous calculations and clear values if not relevant
document.getElementById("hourlyRate").value = "";
document.getElementById("weeklyWage").value = "";
document.getElementById("biweeklyWage").value = "";
document.getElementById("semimonthlyWage").value = "";
document.getElementById("monthlyWage").value = "";
document.getElementById("hoursPerWeek").value = "";
document.getElementById("weeksPerYear").value = "";
if (frequency === "hourly") {
hourlyRate = parseFloat(document.getElementById("hourlyRate").value);
hoursPerWeek = parseFloat(document.getElementById("hoursPerWeek").value);
weeksPerYear = parseFloat(document.getElementById("weeksPerYear").value);
if (!isNaN(hourlyRate) && !isNaN(hoursPerWeek) && !isNaN(weeksPerYear)) {
annualIncome = hourlyRate * hoursPerWeek * weeksPerYear;
} else {
annualIncome = NaN;
}
} else if (frequency === "weekly") {
weeklyWage = parseFloat(document.getElementById("weeklyWage").value);
weeksPerYear = parseFloat(document.getElementById("weeksPerYear").value);
if (!isNaN(weeklyWage) && !isNaN(weeksPerYear)) {
annualIncome = weeklyWage * weeksPerYear;
} else {
annualIncome = NaN;
}
} else if (frequency === "biweekly") {
biweeklyWage = parseFloat(document.getElementById("biweeklyWage").value);
if (!isNaN(biweeklyWage)) {
annualIncome = biweeklyWage * 26; // 26 bi-weekly periods in a year
} else {
annualIncome = NaN;
}
} else if (frequency === "semimonthly") {
semimonthlyWage = parseFloat(document.getElementById("semimonthlyWage").value);
if (!isNaN(semimonthlyWage)) {
annualIncome = semimonthlyWage * 24; // 24 semi-monthly periods in a year
} else {
annualIncome = NaN;
}
} else if (frequency === "monthly") {
monthlyWage = parseFloat(document.getElementById("monthlyWage").value);
if (!isNaN(monthlyWage)) {
annualIncome = monthlyWage * 12; // 12 months in a year
} else {
annualIncome = NaN;
}
}
var formattedIncome = "$0.00";
if (!isNaN(annualIncome) && annualIncome >= 0) {
formattedIncome = "$" + annualIncome.toFixed(2);
}
document.getElementById("annualIncome").textContent = formattedIncome;
}
// Initialize the display of input fields when the page loads
document.addEventListener("DOMContentLoaded", showRelevantInputs);
// Update the display when the pay frequency changes
document.getElementById("payFrequency").addEventListener("change", showRelevantInputs);