CALCSLIP

Salary calculator

Convert pay between hourly, weekly, monthly and annual, using the hours you actually work.

$

Your working time

52 if paid time off is included

Result

Annual
$62,400.00
Monthly
$5,200.00
Semimonthly
$2,600.00
Biweekly
$2,400.00
Weekly
$1,200.00
Daily
$240.00
Hourly
$30.00
Hours worked a year
2,080

How this was calculated

  1. Annual pay

    Hourly pay × 40 h × 52 weeks

    $30.00 × 40 h × 52 weeks = $62,400.00

  2. Pay periods

    Monthly = annual ÷ 12, semimonthly ÷ 24, biweekly ÷ 26, weekly ÷ 52

    $62,400.00 ÷ 12 = $5,200.00

  3. Hourly rate

    Annual ÷ (hours per week × weeks worked)

    $62,400.00 ÷ (40 × 52) = $30.00

What this calculation assumes

  • These are gross amounts, before income tax, social security, retirement contributions or other deductions.
  • Weekly, biweekly, semimonthly and monthly pay are fixed fractions of the year (52, 26, 24 and 12 periods).
  • Hourly and daily rates are based on the time you actually work. Unpaid weeks off lower the hours and raise the effective hourly rate for the same salary.
  • Overtime and bonuses are not included.

Estimates for information only. They are not financial advice, a loan offer or a guarantee of any return, rate or approval. Lenders and providers calculate with their own terms; check yours before you decide.

How the conversion works

Everything is converted through the annual amount. An hourly rate is multiplied by the hours you work each week and the weeks you work each year. Calendar pay periods are fixed fractions of a year: 52 weekly, 26 biweekly, 24 semimonthly and 12 monthly paychecks.

Example: $30 an hour × 40 hours × 52 weeks = $62,400 a year, which is $5,200 a month, $2,400 every two weeks or $1,200 a week.

Unpaid time off

If you take two unpaid weeks a year, set weeks worked to 50. The same salary then covers fewer hours, so the effective hourly rate rises; and an hourly rate converts to a lower annual figure. Leave it at 52 when time off is paid.

Questions people ask

Is biweekly the same as twice a month?

No. Biweekly is every two weeks, 26 paychecks a year. Semimonthly is twice a month, 24 paychecks, each slightly larger.

Does this include taxes?

No. All figures are gross, before income tax, social contributions and other deductions, which depend on where you live.

How many working hours are in a year?

At 40 hours a week for 52 weeks, 2,080 hours. That is why $1 an hour is about $2,080 a year.