How salary conversion works
Every conversion goes through the annual salary as a common denominator. Enter any amount and period, and the calculator works out the yearly total, then divides it into each of the other periods.
Standard work year: 2,080 hours
The default assumes a 40-hour week × 52 weeks = 2,080 working hours per year. This is the standard used by most US employers for salaried-to-hourly conversions. Use the advanced options to adjust for part-time schedules, four-day weeks, or unpaid time off (e.g. 50 weeks instead of 52).
The formulas
Bi-weekly pay (26 periods) and semi-monthly pay (24 periods) differ by two paycheques per year — see the FAQ below.
Gross pay only
All figures are gross (pre-tax). Your take-home will be lower after federal income tax, state tax, Social Security (6.2%), and Medicare (1.45%). A rough rule of thumb: expect 20–35% withheld for a middle-income earner.
Related calculators
Once you know your annual income, see how it grows over time with the investment return calculator or work out how much to set aside each month with the savings goal calculator. Paying off debt on your current income? Try the debt payoff calculator or credit card payoff calculator.
Frequently asked questions
- How do I convert hourly to annual salary?
- Multiply your hourly rate by hours per week, then by 52. At 40 hrs/week: $20/hr × 40 × 52 = $41,600/year.
- How many working hours are in a year?
- 2,080 on a standard full-time schedule (40 hrs × 52 weeks). Adjust the "Weeks worked per year" input if you take unpaid leave.
- What is the difference between bi-weekly and semi-monthly?
- Bi-weekly = every 2 weeks = 26 paycheques/year. Semi-monthly = twice a month = 24 paycheques/year. Each bi-weekly cheque is slightly smaller but you receive two extra per year.
- Does this include taxes?
- No — all amounts are gross (pre-tax). Actual take-home depends on your location, filing status, and deductions.