Finance
Salary Calculator
Convert hourly wage to annual salary, calculate monthly paycheck amount, and estimate overtime earnings instantly.
About This Tool
Use this salary calculator to instantly convert wages between hourly, daily, weekly, bi-weekly, semi-monthly, monthly, and annual periods. Customize work hours, days per week, and factor in overtime to see a complete paycheck breakdown.
Salary Conversion Formulas
Annual Salary = Hourly Wage × Hours per Day × Days per Week × Weeks per YearMonthly salary is calculated as Annual Salary / 12, Bi-Weekly as Annual Salary / 26, and Semi-Monthly as Annual Salary / 24.
Examples
Hourly to Annual Salary
Hourly Rate: $30/hr, 40 hours/week, 52 weeks/year
Result: Annual salary of $62,400.
Annual Salary to Monthly Paycheck
Annual Salary: $75,000
Result: Monthly paycheck of $6,250, bi-weekly pay of $2,884.62.
FAQ
What is the difference between bi-weekly and semi-monthly pay?
Bi-weekly pay occurs every two weeks (26 times a year), while semi-monthly pay occurs twice per month (24 times a year, usually on the 15th and last day). Semi-monthly paychecks are slightly larger.
How many working hours are in a standard year?
Assuming a standard 40-hour workweek (8 hours/day, 5 days/week) for 52 weeks, there are 2,080 working hours in a standard year.
Does this calculator account for taxes?
No. This calculator computes gross pay conversions. It does not deduct federal, state, or local taxes.
Important Note
Results are estimates for planning and education. They do not replace financial, tax, legal, or professional advice. Review assumptions before making decisions.