Salary Calculator
Convert between hourly, daily, weekly, bi-weekly, semi-monthly, monthly, and annual salary. Includes tax estimation and adjusted calculations for unpaid time off.
Salary Breakdown
All Pay Periods
Hourly
$24.04
Daily
$192.31
Weekly
$961.54
Bi-Weekly
$1,923.08
Semi-Monthly
$2,083.33
Monthly
$4,166.67
Annual
$50,000.00
Understanding Salary Conversions
Hourly to Annual
Annual = Hourly x Hours x Weeks
Multiply your hourly rate by hours per week (typically 40) and weeks per year (typically 52). Example: $25/hr x 40 x 52 = $52,000/year.
Annual to Hourly
Hourly = Annual / (Hours x Weeks)
Divide annual salary by total work hours per year. Example: $52,000 / 2,080 hours = $25/hour (based on 40 hrs/wk x 52 wks).
Bi-Weekly vs Semi-Monthly
Bi-Weekly: 26 pays | Semi-Monthly: 24 pays
Bi-weekly means every 2 weeks (26 paychecks/year). Semi-monthly means twice per month on set dates (24 paychecks/year).
Frequently Asked Questions
To convert hourly wage to annual salary, 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 job working 40 hours per week for 52 weeks, the formula becomes: Annual Salary = Hourly Rate x 2,080.
Bi-weekly pay means you get paid every two weeks, resulting in 26 paychecks per year. Semi-monthly pay means you get paid twice per month on specific dates (like the 1st and 15th), resulting in 24 paychecks per year. Bi-weekly paychecks are typically the same amount, while semi-monthly paychecks may vary slightly due to different days in each month.
To calculate adjusted salary with unpaid time off, subtract the unpaid weeks from your total work weeks per year, then recalculate. For example, if you work 52 weeks but take 2 unpaid weeks off, your adjusted calculation uses 50 weeks. The formula is: Adjusted Annual Salary = Hourly Rate x Hours per Week x (Weeks per Year - Unpaid Weeks).
Federal income taxes in the US use a progressive tax system with tax brackets. Your income is taxed at different rates as it passes through each bracket. For 2024, the brackets for single filers are: 10% up to $11,600, 12% from $11,601-$47,150, 22% from $47,151-$100,525, 24% from $100,526-$191,950, 32% from $191,951-$243,725, 35% from $243,726-$609,350, and 37% above $609,350.
The standard number of work hours per year for a full-time employee is 2,080 hours, calculated as 40 hours per week multiplied by 52 weeks per year. However, this can vary based on your actual work schedule, overtime, part-time status, or if you have unpaid time off. Some calculations use 2,000 hours (50 weeks) to account for vacation time.