Salary Calculator
Convert between hourly, daily, weekly, monthly, and annual salary with tax calculations.
Salary Details
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Results update automatically as you change values
Salary Breakdown
Enter salary details and click "Calculate" to see results.
How to Use This Calculator
- Select your input type (hourly, daily, weekly, monthly, or annual)
- Enter the salary value for your selected input type
- Adjust hours per day if different from the default 8
- Change working days per week if needed (default is 5)
- Hours per week is calculated automatically based on the values above
- Specify weeks worked per year (default is 52)
- Enter your effective tax rate as a percentage
- The calculator will automatically show both before-tax and after-tax conversions
Related Tools
About Salary Calculations
Understanding Salary Conversions
- Hourly to Annual: Hourly Rate × Hours per Week × Weeks per Year
- Annual to Hourly: Annual Salary ÷ (Hours per Week × Weeks per Year)
- Daily Rate: Hourly Rate × Hours per Day
- Monthly Salary: Annual Salary ÷ 12
- Biweekly Pay: Hourly Rate × Hours per Week × 2
Tax Considerations
- This calculator provides a simplified tax estimate
- Actual taxes depend on your jurisdiction, filing status, deductions, and brackets
- For accurate tax calculations, consult a tax professional
- The tax percentage here represents your effective tax rate (total tax ÷ gross income)
- Remember that take-home pay may be further reduced by retirement contributions, insurance premiums, etc.
Typical Work Configurations
- Standard Full-Time: 40 hours/week, 5 days/week, 52 weeks/year
- Part-Time: 20-30 hours/week, varies by position
- Standard Work Year: 2,080 hours (40 hours × 52 weeks)
- With Vacation: ~1,960 hours (if accounting for 3 weeks PTO)
- Contractor/Freelancer: Varies based on project and availability
Salary Comparison Tips
- When comparing job offers, consider the total compensation package
- Benefits like health insurance, retirement plans, and bonuses can significantly impact total compensation
- Consider cost of living differences when comparing salaries in different locations
- Factor in commute costs, parking, and other work-related expenses
- Remote work may reduce expenses but could affect salary ranges
Frequently Asked Questions
How do I convert hourly wage to annual salary?
To convert hourly wage to annual salary, multiply your hourly rate by the number of hours you work per week, then multiply by 52 weeks. For example, $20/hour × 40 hours/week × 52 weeks = $41,600 annually.
What is the standard number of working hours per year?
The standard full-time work year is typically 2,080 hours (40 hours/week × 52 weeks). However, this can vary based on vacation time, holidays, and company policies.
How accurate are the tax calculations?
The tax calculations provide estimates based on general tax rates and should be used for planning purposes only. Actual taxes depend on many factors including deductions, credits, and specific tax situations.
Can I calculate part-time salary equivalents?
Yes, you can adjust the hours per week to calculate part-time salary equivalents. Simply enter the actual number of hours you work per week instead of the standard 40.
What is the difference between gross and net salary?
Gross salary is your total earnings before any deductions. Net salary (take-home pay) is what you receive after taxes, insurance, retirement contributions, and other deductions are removed.
How do I calculate my effective hourly rate from annual salary?
Divide your annual salary by the total number of hours worked per year. For example, $50,000 ÷ 2,080 hours = $24.04 per hour.
Should I include overtime pay in my calculations?
For budgeting purposes, it's generally better to calculate based on regular hours only, since overtime can be unpredictable. You can always add overtime as additional income when it occurs.
How do vacation days affect my annual salary calculation?
Salaried employees typically receive paid vacation, so vacation days don't reduce annual salary. For hourly workers, you might want to subtract unpaid vacation days from your total working hours.
What factors should I consider beyond base salary?
Consider benefits like health insurance, retirement contributions, paid time off, bonuses, stock options, and other perks when evaluating total compensation value.
How do I calculate biweekly pay from annual salary?
Divide your annual salary by 26 (the number of biweekly pay periods in a year). For example, $52,000 ÷ 26 = $2,000 per biweekly paycheck.
Can this calculator help with salary negotiations?
Yes, understanding the equivalent hourly rate and total compensation can help you evaluate job offers and negotiate salaries by providing clear comparisons between different pay structures.
How do I account for raises and promotions in my planning?
Use the calculator to compare your current salary with potential future salaries. This helps you understand the financial impact of career growth and plan accordingly.