Salary Converter
Convert hourly rates to annual salary estimates.
Understanding Your Paycheck
Knowing how your hourly wage translates to an annual salary is crucial for budgeting, negotiating job offers, and financial planning.
Standard Work Year
A standard full-time work year is typically considered to be:
- 40 hours per week
- 52 weeks per year
- 2,080 hours total per year
How to Use This Tool
- Enter Hourly Rate: Input your hourly wage.
- Adjust Hours: Change the hours per week if you work part-time or overtime.
- Adjust Weeks: Change weeks per year if you take unpaid leave.
Gross vs. Net Pay
Please note that this calculator provides Gross Pay estimates. This is the amount before taxes, insurance, retirement contributions, and other deductions are taken out. Your actual take-home pay (Net Pay) will be lower.
Frequently Asked Questions (FAQ)
How many work hours in a year?
A standard full-time job (40 hours/week) has approximately 2,080 work hours per year (52 weeks × 40 hours).
How is monthly salary calculated?
Monthly salary is typically calculated by dividing the annual salary by 12 months.
Does this include taxes?
No, this calculator provides gross income estimates before any tax deductions or withholdings.
Is this tool free?
Yes, the Salary Converter is completely free to use.