Salary & Paycheck Calculator

Instantly convert between hourly wage, bi-weekly paychecks, monthly earnings, and annual salary with overtime support.

Paycheck Equivalency Breakdown

Frequently Asked Questions

• How do you convert hourly wage to annual salary? +

  For a standard full-time employee working 40 hours per week across 52 weeks in a year, the total is 2,080 working hours. To calculate annual salary, multiply your hourly wage by 2,080. For example: $30/hour × 2,080 = $62,400 annual salary.

• What is the difference between bi-weekly and semi-monthly pay periods? +

  Bi-weekly pay occurs every two weeks (typically alternating Fridays), resulting in 26 paychecks per calendar year (including two months with three paychecks). Semi-monthly pay occurs twice per month (typically on the 15th and last day of the month), resulting in exactly 24 paychecks per year.

• How does overtime pay work under FLSA rules? +

  Under the federal Fair Labor Standards Act (FLSA), non-exempt employees must receive overtime pay for hours worked over 40 in a workweek at a rate not less than time-and-one-half (1.5x) their regular rate of pay. For example, a $20/hour wage yields an overtime rate of $30/hour.

• How many working hours are in a typical year? +

  Assuming a standard 40-hour workweek with 52 weeks in a year, there are 2,080 working hours. If you receive 2 weeks (10 days) of unpaid leave, standard working hours equal 2,000 hours per year.

• Is this calculator gross pay or net take-home pay? +

  This calculator computes gross earnings before mandatory deductions like Federal Income Tax (FIT), State Income Tax (SIT), Social Security (6.2%), Medicare (1.45%), and voluntary employee benefits like health insurance and 401(k) contributions.