Salary Calculator — Convert Hourly, Monthly and Annual Pay Instantly

Why Convert Between Pay Periods?

Whether you are comparing a job offer, negotiating a raise, or budgeting your household finances, knowing how your salary breaks down across different pay periods is essential. A $25/hour contractor and a $52,000/year salaried employee earn almost exactly the same — but that is not obvious until you convert the numbers.

How to Use the Salary Calculator

1. Enter your salary amount and the pay period it applies to (hourly, weekly, monthly, or annual).
2. Set your weekly work hours — the default is 40 hours, but adjust it if you work part-time or overtime regularly.
3. See all pay rate conversions instantly — hourly, daily, weekly, biweekly, semimonthly, monthly, and annual.
4. Check your estimated take-home pay — the calculator shows approximate net pay after estimated federal income tax and FICA deductions.

Gross Pay vs. Net (Take-Home) Pay

Gross pay is your salary before any deductions. Net pay is what actually hits your bank account after federal income tax, Social Security (6.2%), Medicare (1.45%), and any state/local taxes are withheld. For a single filer earning $60,000/year, net take-home is typically around $47,000 to $49,000 after federal deductions alone.

State income taxes vary from 0% (Texas, Florida, Nevada) to over 13% (California), so actual take-home pay depends heavily on where you live.

Common Pay Period Definitions

• Hourly: Pay per hour worked. Overtime (over 40 hours/week) is typically 1.5x the hourly rate.
• Weekly: 52 pay periods per year.
• Biweekly: 26 pay periods per year. The most common schedule in the US.
• Semimonthly: 24 pay periods per year (twice a month, e.g., 1st and 15th).
• Monthly: 12 pay periods per year.
• Annual: The total yearly compensation before taxes.

Comparing a Job Offer: Salary vs. Hourly

When comparing a salaried position to a contract or hourly role, factor in benefits. A $70,000 salaried role with health insurance, a 401(k) match, and paid time off is typically worth $15,000 to $25,000 more in total compensation than the base salary suggests. A $40/hour contractor earning the same gross pay gets no benefits and must cover their own self-employment taxes (an additional 7.65%).

Frequently Asked Questions

How many working days are in a year?

A standard US work year has 260 working days (52 weeks x 5 days). After accounting for 10 federal holidays and an average of 10 days of paid vacation, most employees have around 240 paid working days per year.

What is the difference between biweekly and semimonthly pay?

Biweekly pay happens every two weeks (every other Friday), resulting in 26 paychecks per year. Semimonthly pay happens twice a month on fixed dates, resulting in 24 paychecks per year. Biweekly pay means two months per year have three paydays.

Does overtime affect annual salary calculations?

For salaried exempt employees (earning over $35,568/year under FLSA), overtime pay does not apply. For hourly and non-exempt employees, overtime hours at 1.5x rate need to be added to your annual calculation for an accurate figure.