Hourly to Salary Converter

Multiply your hourly rate by the number of hours you work per week, then multiply by the number of weeks you work per year. The standard formula is: Annual Salary = Hourly Rate x Hours per Week x Weeks per Year. For a typical full-time worker at 40 hours per week for 52 weeks, multiply your hourly rate by 2,080. For example, $25/hour x 2,080 = $52,000 per year.

A standard full-time work year is 2,080 hours (40 hours/week x 52 weeks). Part-time workers at 20 hours/week work 1,040 hours. Some estimates use 1,920 hours (48 weeks) to account for holidays and vacation time. You can adjust both hours per week and weeks per year in this calculator to match your actual schedule.

Bi-weekly pay means you receive a paycheck every two weeks, resulting in 26 paychecks per year. Semi-monthly pay means you are paid twice per month on fixed dates (such as the 1st and 15th), resulting in 24 paychecks per year. Bi-weekly paychecks are always the same, while semi-monthly checks may vary slightly due to different working days per half-month.

If you regularly work more than 40 hours per week, enter your actual weekly hours to see your true gross earnings. Note that overtime pay is typically 1.5x your regular rate under the Fair Labor Standards Act for hours over 40, but this calculator uses a flat rate for simplicity. For a precise overtime estimate, calculate your first 40 hours at your base rate and additional hours at 1.5x separately.

Your effective tax rate is the average percentage of your total income that goes to all taxes combined (federal, state, local, FICA). It differs from your marginal rate, which only applies to the highest bracket. For example, earning $60,000 and paying $9,000 in taxes gives an effective rate of 15%. Use this calculator's tax slider to estimate your take-home pay across all periods.