function calculatePayRate() {
var amount = parseFloat(document.getElementById('payAmount').value);
var freq = document.getElementById('payFrequency').value;
var hoursWk = parseFloat(document.getElementById('hoursPerWeek').value);
var daysWk = parseFloat(document.getElementById('daysPerWeek').value);
if (isNaN(amount) || isNaN(hoursWk) || isNaN(daysWk) || amount <= 0 || hoursWk <= 0) {
alert("Please enter valid positive numbers for all fields.");
return;
}
var annualSalary = 0;
// Normalize to Annual Salary
if (freq === 'hourly') {
annualSalary = amount * hoursWk * 52;
} else if (freq === 'weekly') {
annualSalary = amount * 52;
} else if (freq === 'biweekly') {
annualSalary = amount * 26;
} else if (freq === 'monthly') {
annualSalary = amount * 12;
} else if (freq === 'yearly') {
annualSalary = amount;
}
var yearly = annualSalary;
var monthly = annualSalary / 12;
var biweekly = annualSalary / 26;
var weekly = annualSalary / 52;
var daily = annualSalary / (52 * daysWk);
var hourly = annualSalary / (52 * hoursWk);
document.getElementById('resYearly').innerText = '$' + yearly.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById('resMonthly').innerText = '$' + monthly.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById('resBiWeekly').innerText = '$' + biweekly.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById('resWeekly').innerText = '$' + weekly.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById('resDaily').innerText = '$' + daily.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById('resHourly').innerText = '$' + hourly.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById('resultsArea').style.display = 'block';
}
How to Use the Pay Rate Calculator
Understanding your true earning potential requires looking beyond a single number. Our Pay Rate Calculator is designed to help you translate your income across all common payment schedules. Whether you are negotiating a new salary, considering a freelance contract, or simply budgeting for monthly expenses, this tool provides an instant breakdown of your gross pay.
The Importance of Normalizing Your Pay
Comparing two job offers can be difficult when one offers an hourly rate and the other a flat annual salary. For example, a $30 per hour job might seem lower than a $65,000 salary, but depending on the hours worked, the gap might be smaller than you think. This calculator uses standard industry benchmarks (like the 2,080-hour work year) to provide a clear comparison.
Calculation Methodology
To ensure accuracy, the calculator utilizes the following logic:
Annual to Hourly: Annual Salary ÷ (Hours per Week × 52 Weeks)
Hourly to Annual: Hourly Rate × Hours per Week × 52 Weeks
Monthly to Weekly: (Monthly Rate × 12) ÷ 52
Bi-weekly: Total Annual Pay divided by 26 pay periods.
Real-World Example
Let's say you receive an offer for $45.00 per hour with a standard 40-hour work week and 5 days of work per week. Using the calculator, you would find:
Period
Earnings
Weekly
$1,800.00
Monthly
$7,800.00
Yearly Salary
$93,600.00
Gross Pay vs. Net Pay
Please note that this calculator determines Gross Pay (total earnings before any deductions). Your actual "take-home" pay or Net Pay will be lower after accounting for federal and state income taxes, Social Security, Medicare, and any employer-sponsored benefits like health insurance or 401(k) contributions.
Disclaimer: This calculator is for estimation purposes only. Individual payroll schedules and tax obligations vary by jurisdiction and company policy.