How to Calculate Annual Salary
Here are the steps to calculate annual income based on an hourly wage, using a $17 hourly wage, working 8 hours per day, 5 days a week, every week, as an example.
Step #1: Multiply your hourly wage by the number of work hours per day. In our example, your daily salary would be $136 ($17 per hour times 8 hours per day).
Step #2: Multiply your daily salary (Step #1) by the number of days you work per week. In our example, your weekly salary would be $680 ($136 per day times 5 days per week).
Step #3: Multiply your weekly salary (Step #2) by the number of weeks you work per year. In our example, your annual salary would be $35,455.20 ($680 per week times 52.14 weeks per year).
Or, if you work 40 hours per week, and you work every week during the year, you can multiply your hourly rate by 2,080 hours, which is the often-used number of work hours in a year (2,085.6 to be more precise, considering 365 days / 7 = 52.14).
Continuing with the example, you can calculate other timeframe incomes as follows:
- Monthly income: $2,954.60 (annual salary divided by 12).
- Biweekly income: $1,360.00 (every two weeks, or weekly salary times 2).
- Weekly income: $680.00 (from Step #2).
- Daily income: $136.00 (from Step #1).
Interactive Hourly to Salary Chart
The following is a quick reference chart for looking up how much per year, per month, every two weeks, and per week each hourly rate translates to based on a 40 hour work week.
The hourly to annual conversion is calculated as follows:
If you work less than 40 hours per week, or your hourly wage is not an even number, you can update the chart to match your situation.
If you would like to estimate what your yearly after tax wages will be, note the annual salary below and then use the Take Home Pay Calculator.
| Hourly to Salary Chart | ||||
|---|---|---|---|---|
| Hourly | Annual | Monthly | Biweekly | Weekly |
| $1.00 | $2,086 | $174 | $80 | $40 |
| $2.00 | $4,171 | $348 | $160 | $80 |
| $3.00 | $6,257 | $521 | $240 | $120 |
| $4.00 | $8,342 | $695 | $320 | $160 |
| $5.00 | $10,428 | $869 | $400 | $200 |
| $6.00 | $12,514 | $1,043 | $480 | $240 |
| $7.00 | $14,599 | $1,217 | $560 | $280 |
| $8.00 | $16,685 | $1,390 | $640 | $320 |
| $9.00 | $18,770 | $1,564 | $720 | $360 |
| $10.00 | $20,856 | $1,738 | $800 | $400 |
| Hourly | Annual | Monthly | Biweekly | Weekly |
| $11.00 | $22,942 | $1,912 | $880 | $440 |
| $12.00 | $25,027 | $2,086 | $960 | $480 |
| $13.00 | $27,113 | $2,259 | $1,040 | $520 |
| $14.00 | $29,198 | $2,433 | $1,120 | $560 |
| $15.00 | $31,284 | $2,607 | $1,200 | $600 |
| $16.00 | $33,370 | $2,781 | $1,280 | $640 |
| $17.00 | $35,455 | $2,955 | $1,360 | $680 |
| $18.00 | $37,541 | $3,128 | $1,440 | $720 |
| $19.00 | $39,626 | $3,302 | $1,520 | $760 |
| $20.00 | $41,712 | $3,476 | $1,600 | $800 |
| Hourly | Annual | Monthly | Biweekly | Weekly |
| $21.00 | $43,798 | $3,650 | $1,680 | $840 |
| $22.00 | $45,883 | $3,824 | $1,760 | $880 |
| $23.00 | $47,969 | $3,997 | $1,840 | $920 |
| $24.00 | $50,054 | $4,171 | $1,920 | $960 |
| $25.00 | $52,140 | $4,345 | $2,000 | $1,000 |
| $26.00 | $54,226 | $4,519 | $2,080 | $1,040 |
| $27.00 | $56,311 | $4,693 | $2,160 | $1,080 |
| $28.00 | $58,397 | $4,866 | $2,240 | $1,120 |
| $29.00 | $60,482 | $5,040 | $2,320 | $1,160 |
| $30.00 | $62,568 | $5,214 | $2,400 | $1,200 |
| Hourly | Annual | Monthly | Biweekly | Weekly |
| $31.00 | $64,654 | $5,388 | $2,480 | $1,240 |
| $32.00 | $66,739 | $5,562 | $2,560 | $1,280 |
| $33.00 | $68,825 | $5,735 | $2,640 | $1,320 |
| $34.00 | $70,910 | $5,909 | $2,720 | $1,360 |
| $35.00 | $72,996 | $6,083 | $2,800 | $1,400 |
| $36.00 | $75,082 | $6,257 | $2,880 | $1,440 |
| $37.00 | $77,167 | $6,431 | $2,960 | $1,480 |
| $38.00 | $79,253 | $6,604 | $3,040 | $1,520 |
| $39.00 | $81,338 | $6,778 | $3,120 | $1,560 |
| $40.00 | $83,424 | $6,952 | $3,200 | $1,600 |
| Hourly | Annual | Monthly | Biweekly | Weekly |
| $41.00 | $85,510 | $7,126 | $3,280 | $1,640 |
| $42.00 | $87,595 | $7,300 | $3,360 | $1,680 |
| $43.00 | $89,681 | $7,473 | $3,440 | $1,720 |
| $44.00 | $91,766 | $7,647 | $3,520 | $1,760 |
| $45.00 | $93,852 | $7,821 | $3,600 | $1,800 |
| $46.00 | $95,938 | $7,995 | $3,680 | $1,840 |
| $47.00 | $98,023 | $8,169 | $3,760 | $1,880 |
| $48.00 | $100,109 | $8,342 | $3,840 | $1,920 |
| $49.00 | $102,194 | $8,516 | $3,920 | $1,960 |
| $50.00 | $104,280 | $8,690 | $4,000 | $2,000 |
| Hourly | Annual | Monthly | Biweekly | Weekly |