## Pay Raise Calculator

The Pay Raise Calculator helps you determine your new pay rate after a raise. You can input your current pay rate, select the raise type, and enter the amount or percentage of the raise. The calculator will then provide you with your updated pay rates in various formats.

**Formula:** To calculate the new pay rate:

**Raise by Percentage:**New Pay = Current Pay × (1 + (Raise Percentage / 100))**Raise by Amount:**New Pay = Current Pay + Raise Amount**New Pay Rate:**Directly use the new pay rate provided

**How to use:** Enter your current pay rate, select the appropriate options, and provide the raise details. Click "Calculate" to see your new pay rates in different formats. Click "Clear" to reset the form.

## Calculate Pay Raise

## Frequently Asked Questions

### 1. How do I calculate a percentage raise?

To calculate a percentage raise, use the formula: New Pay = Current Pay × (1 + (Raise Percentage / 100)).

### 2. What if I want to add a fixed amount to my pay?

If you want to add a fixed amount, use the formula: New Pay = Current Pay + Raise Amount.

### 3. Can I use this calculator for different pay frequencies?

Yes, you can select the pay frequency to see results in hourly, weekly, monthly, and yearly formats.

### 4. How does the calculator determine new pay if I enter a new pay rate?

If you select "new pay rate," the calculator will directly use the amount you provide as the new pay rate.

### 5. What if I change the number of hours per week?

Changing hours per week affects the calculations for hourly and weekly rates.

### 6. Can I use this tool for salary adjustments?

Yes, this tool is suitable for both pay raises and salary adjustments.

### 7. How is the annual salary calculated from hourly pay?

The annual salary is calculated by multiplying the hourly rate by the number of hours worked per week and then by the number of weeks in a year.

### 8. What should I do if I make a mistake in my entry?

You can use the "Clear" button to reset the form and start over.

### 9. How accurate is the calculator?

The calculator provides accurate results based on the entered data and selected options.

### 10. Can I use this calculator for different currencies?

The calculator works with any currency, but ensure your inputs are in the same currency for accurate results.

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