Hourly Income Calculator
Convert your hourly wage into daily, weekly, monthly, and annual salary.
Earnings Summary (Gross)
| Daily Income | $0.00 |
| Weekly Income | $0.00 |
| Bi-Weekly Income | $0.00 |
| Monthly Income | $0.00 |
| Annual Salary | $0.00 |
How to Use the Hourly Income Calculator
Understanding your total earnings is essential for budgeting and financial planning. While many jobs advertise an hourly rate, your actual take-home pay depends on how many hours you work consistently each week. This tool allows you to translate that "per hour" figure into a comprehensive salary breakdown.
The Calculation Methodology
To calculate your gross income (before taxes), we use the following standard formulas:
- Daily Income: Hourly Wage × Hours per Day
- Weekly Income: Daily Income × Days per Week
- Bi-Weekly Income: Weekly Income × 2
- Annual Income: Weekly Income × Weeks worked per Year (usually 52)
- Monthly Income: Annual Income ÷ 12
Example: $20 Per Hour Breakdown
If you earn $20.00 per hour and work a standard 40-hour work week (8 hours a day, 5 days a week) for 52 weeks a year, your earnings would be:
| Period | Earnings |
|---|---|
| Daily | $160.00 |
| Weekly | $800.00 |
| Monthly | $3,466.67 |
| Annual | $41,600.00 |
Factors to Consider
While this calculator provides a "Gross Income" estimate, remember that your actual "Net Pay" (the amount deposited into your bank account) will be lower due to:
- Federal and State Taxes: Income tax deductions vary significantly by location and income bracket.
- FICA Taxes: Social Security and Medicare contributions (usually 7.65% in the US).
- Benefits: Deductions for health insurance, 401(k) contributions, or life insurance.
- Unpaid Leave: If you take time off that isn't covered by Paid Time Off (PTO), your annual total will decrease.