How this salary calculator converts pay
Enter a pay amount and how often it is paid, and the salary calculator converts it into hourly, daily, weekly, biweekly, semimonthly, monthly, quarterly, and annual pay. That makes it an hourly to salary calculator and a salary to hourly calculator in one: start from whichever number you know.
Every conversion runs through an annual figure. A year is counted as 52 weeks, so an hourly wage becomes an annual salary like this:
Annual salary = hourly rate × hours per week × 52
At $25 an hour and 40 hours a week, that is $25 × 40 × 52 = $52,000 a year. Dividing the annual figure by 52, 26, 24, 12, or 4 gives weekly, biweekly, semimonthly, monthly, and quarterly pay. Daily pay divides it by 52 × days per week, and hourly pay by 52 × hours per week.
Unadjusted vs. adjusted pay
The unadjusted column assumes you are paid for every working day of the year. The adjusted column removes holidays and vacation days, scaled against the 260 weekdays in a 52-week year:
Adjusted annual = unadjusted annual × (260 − holidays − vacation days) ÷ 260
With 11 holidays and 10 vacation days, $52,000 becomes $52,000 × 239 ÷ 260 = $47,800. The gap shows what your time off is worth, and it is the number to compare when one job offers paid time off and another, such as contract work, does not.
An hourly or daily amount is read as an unadjusted rate for time you actually work. A weekly, biweekly, semimonthly, monthly, quarterly, or annual amount is read as adjusted pay that already covers your time off, so the calculator works backward to the unadjusted figures.
Frequently asked questions
How do I convert an hourly wage to an annual salary?
Multiply the hourly rate by the hours you work each week, then by 52. At 40 hours a week that is the hourly rate × 2,080, so $18 an hour is $37,440 a year before taxes.
How do I convert an annual salary to an hourly rate?
Divide the salary by 52 times your weekly hours. A $60,000 salary at 40 hours a week is $60,000 ÷ 2,080 = $28.85 an hour, which is the adjusted hourly figure in the table. The unadjusted figure is higher when you have paid time off.
What is the difference between biweekly and semimonthly pay?
Biweekly pay arrives every two weeks, for 26 paychecks a year. Semimonthly pay arrives twice a month, for 24 paychecks a year. The annual total is the same, but each semimonthly paycheck is slightly larger.
Are these amounts before or after taxes?
Before. Every figure is gross pay. Income tax, Social Security, Medicare, and benefit deductions are not taken out, and overtime pay is not added.
Limitations
Real years have 260 to 262 weekdays, and your employer may count working days, unpaid leave, or part-time schedules differently, so treat the results as estimates rather than payroll figures.
What's changed
- Launched.