Calculate your total annual compensation including performance incentives.
Fixed Amount ($)
Percentage of Base (%)
Once Per Year
Quarterly
Monthly
Compensation Breakdown
Annual Base Salary:$0.00
Total Annual Bonus:$0.00
Gross Annual Total:$0.00
Monthly Gross:$0.00
Estimated Net Take-Home (Annual):$0.00
How to Use the Wage Calculator with Bonus
Understanding your true earning potential requires looking beyond just your hourly rate. Many professional roles include performance-based bonuses, commissions, or annual incentives that significantly impact your bottom line. This calculator helps you bridge the gap between "hourly pay" and "total annual compensation."
Key Components of the Calculation
Base Wage: This is your guaranteed pay. We calculate this by multiplying your hourly rate by your weekly hours over 52 weeks.
Bonus Structure: Bonuses are typically offered in two ways:
Fixed Amount: A set dollar value (e.g., a $5,000 sign-on bonus or $500 monthly performance bonus).
Percentage: A portion of your base salary (e.g., a 10% annual incentive).
Frequency: This defines how often you receive the bonus. A $1,000 quarterly bonus results in $4,000 annually.
Taxation: Remember that bonuses are often taxed at a higher supplemental rate initially, though your total liability is determined by your annual income bracket.
Calculation Example
Let's say you earn $30 per hour and work 40 hours per week. You are also eligible for a 10% annual bonus.
Annual Base: $30 × 40 hours × 52 weeks = $62,400
Bonus: 10% of $62,400 = $6,240
Total Gross Pay: $62,400 + $6,240 = $68,640
Why Calculating Total Compensation Matters
When comparing job offers, a higher hourly wage might look attractive, but a role with a slightly lower wage and a substantial bonus structure could result in more money in your bank account at the end of the year. This calculator allows you to perform "what-if" scenarios to negotiate better contracts or plan your household budget more effectively.
function calculateWageBonus() {
var hourly = parseFloat(document.getElementById('hourlyWage').value);
var hours = parseFloat(document.getElementById('hoursPerWeek').value);
var bonusType = document.getElementById('bonusType').value;
var bonusVal = parseFloat(document.getElementById('bonusValue').value);
var bonusFreq = parseFloat(document.getElementById('bonusFreq').value);
var taxRate = parseFloat(document.getElementById('taxRate').value);
// Validate inputs
if (isNaN(hourly) || isNaN(hours) || isNaN(bonusVal) || isNaN(taxRate)) {
alert("Please enter valid numeric values for all fields.");
return;
}
// Calculate Base Annual
var annualBase = hourly * hours * 52;
// Calculate Total Annual Bonus
var totalAnnualBonus = 0;
if (bonusType === 'fixed') {
totalAnnualBonus = bonusVal * bonusFreq;
} else {
totalAnnualBonus = annualBase * (bonusVal / 100);
}
var totalGross = annualBase + totalAnnualBonus;
var monthlyGross = totalGross / 12;
var totalNet = totalGross * (1 – (taxRate / 100));
// Display Results
document.getElementById('resBase').innerText = "$" + annualBase.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById('resBonus').innerText = "$" + totalAnnualBonus.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById('resGross').innerText = "$" + totalGross.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById('resMonthly').innerText = "$" + monthlyGross.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById('resNet').innerText = "$" + totalNet.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById('resultArea').style.display = 'block';
}