Hourly to Yearly Salary Calculator
Hourly to Yearly Salary Calculator helps workers and employers convert hourly wages to annual salaries. By inputting your hourly rate and typical work hours, you can quickly estimate yearly earnings before taxes. Useful for job comparisons, budgeting, contract negotiations, and understanding full-time equivalent salaries.
FAQs
How does the hourly to yearly salary calculator work?
The calculator multiplies your hourly rate by weekly hours and 52 weeks. For $20/hour at 40 hours/week: 20 × 40 × 52 = $41,600. This assumes full-time year-round work without unpaid leave. Actual pay may vary based on work schedule and time off.
Does this include overtime pay?
No, this calculation doesn't include overtime. It assumes regular pay for all hours worked. Overtime pay (typically 1.5× regular rate) would increase annual earnings if you regularly work more than 40 hours/week.
How accurate is this calculator?
This provides gross salary estimates before taxes and deductions. Accuracy depends on consistent work hours. It doesn't account for bonuses, commissions, or pay changes during the year. Use it as a baseline for financial planning.
What's considered full-time hours?
Most calculations use 40 hours/week as full-time (8 hours/day, 5 days/week). Some employers consider 35-37.5 hours as full-time. Adjust the hours field to match your actual work schedule for accurate results.
How to calculate part-time salaries?
Enter your actual hourly rate and average weekly hours. For example: 25 hours/week at $18/hour = 25 × 18 × 52 = $23,400/year. This helps compare part-time wages to full-time positions.
Does this include vacation days?
The calculation assumes paid vacation. If you receive unpaid time off, reduce the yearly total by (unpaid weeks × weekly pay). For 2 weeks unpaid: $41,600 - (2 × 800) = $40,000.
How to account for multiple hourly rates?
For multiple jobs or varying rates, calculate each separately and sum the totals. Example: Job1 ($20/h × 30h) + Job2 ($25/h × 10h) = ($600 + $250) × 52 = $44,200/year.
What's the difference between bi-weekly and monthly pay?
This calculator shows annual totals. Bi-weekly pay = yearly ÷ 26, monthly = yearly ÷ 12. For $41,600: bi-weekly $1,600, monthly $3,466.67 before taxes.
How to convert yearly salary back to hourly?
Reverse the formula: Yearly ÷ 52 ÷ weekly hours. $50,000/year ÷ 52 ÷ 40h = $24.04/hour. This helps evaluate salaried positions against hourly wages.
Does this work for contract jobs?
Yes, but account for inconsistent work. If you work 30 weeks/year: hourly rate × hours/week × work weeks. $30/h × 40h × 30 weeks = $36,000. Adjust for actual project duration and frequency.