Salary Calculator
Convert between annual, monthly, bi-weekly, weekly, daily, and hourly salary. Estimate your net take-home pay after federal and state taxes. Perfect for job offers, budget planning, and understanding your true compensation.
How Salary Conversion Works
This calculator converts between different pay periods based on standard work hours and weeks. The formulas are:
Annual Salary = Hourly Rate × Hours per Week × Weeks per Year
Monthly = Annual ÷ 12
Bi-Weekly = Annual ÷ 26
Weekly = Annual ÷ 52
Daily = Annual ÷ (Weeks per Year × Days per Week)
Hourly = Annual ÷ (Hours per Week × Weeks per Year)
For tax estimation, the calculator uses simplified federal and state tax calculations. Federal tax is estimated using the IRS brackets, and state tax is based on your entered rate.
Understanding Your Salary
- Gross Pay: Your total earnings before any deductions.
- Net Pay (Take-Home): Your earnings after taxes and deductions.
- Hourly Rate: The amount you earn per hour worked.
- Annual Salary: Your total earnings in a year.
Quick Salary Reference
- $50,000 annual salary = $24.04/hour (40h week, 52 weeks)
- $60,000 annual salary = $28.85/hour
- $70,000 annual salary = $33.65/hour
- $80,000 annual salary = $38.46/hour
- $100,000 annual salary = $48.08/hour
❓ Salary Calculator FAQ
How do I convert hourly rate 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. For example: $25/hour × 40 hours × 52 weeks = $52,000/year.
How do I convert annual salary to hourly rate?
Divide your annual salary by the number of weeks you work per year, then divide by the number of hours you work per week. For example: $52,000 ÷ 52 weeks ÷ 40 hours = $25/hour.
What is the difference between gross pay and net pay?
Gross pay is your total earnings before any deductions. Net pay (take-home pay) is what you actually receive after taxes and other deductions are subtracted.
How many pay periods are in a year?
• Weekly: 52 pay periods • Bi-Weekly: 26 pay periods • Semi-Monthly: 24 pay periods • Monthly: 12 pay periods. This calculator shows all these variations.
What is the standard work week?
The standard full-time work week in the US is 40 hours (5 days × 8 hours). However, many employers use 37.5 hours (7.5 hours/day) or other variations. You can adjust the hours per week in this calculator.
How does the calculator estimate taxes?
The calculator uses simplified federal tax brackets and applies your state tax rate. Federal tax is estimated using the IRS brackets with the standard deduction. For precise tax calculations, use our Tax Calculator or consult a tax professional.
What is a bi-weekly pay period?
A bi-weekly pay period means you get paid every two weeks (26 times per year). This is the most common pay frequency in the US.
How do I calculate my monthly salary?
Divide your annual salary by 12. For example: $60,000 ÷ 12 = $5,000 per month.
What is the difference between salary and wages?
Salary is a fixed annual amount paid regardless of hours worked (typically for exempt employees). Wages are paid based on hours worked (typically for non-exempt employees). This calculator can convert between both.
How do I calculate my daily rate?
Divide your annual salary by the number of working days in a year (typically 260 days for a 5-day work week). Example: $52,000 ÷ 260 = $200/day.
What is the difference between exempt and non-exempt employees?
Exempt employees are paid a salary and are not entitled to overtime pay. Non-exempt employees are paid hourly and are entitled to overtime pay (1.5×) for hours worked over 40 per week. This calculator works for both.
How many weeks are in a year for salary calculations?
Most salary calculations use 52 weeks per year. However, some use 50 weeks to account for vacation time. This calculator lets you adjust the number of weeks.
How does overtime affect my salary?
Overtime pay is typically 1.5× your regular hourly rate for hours worked over 40 in a workweek. This calculator shows your base salary. Use our Overtime Calculator for overtime calculations.
What is the federal minimum wage in 2026?
The federal minimum wage remains $7.25 per hour. Many states and cities have higher minimum wages. This calculator allows you to enter any hourly rate.
How do I use this calculator for a job offer?
Enter the offered salary or hourly rate to see the equivalent in other pay periods. This helps you compare offers with different pay structures (e.g., hourly vs. salary).
What is the difference between gross annual income and net annual income?
Gross annual income is your total earnings before taxes and deductions. Net annual income is what you actually take home after taxes and deductions. This calculator shows both.
How accurate is this salary calculator?
This calculator provides accurate salary conversions based on standard formulas. Tax estimates are simplified and may not match your actual tax liability. Use the results as a planning tool, not a guarantee.
Can I use this calculator for freelance or contract work?
Yes. Freelancers and contractors can use this calculator to convert between hourly rates and annual equivalents. Just enter your hourly rate and typical weekly hours.