1. What is Hourly to Annual Salary Conversion?

This calculator converts an hourly wage to an equivalent annual salary based on standard full-time employment (52 weeks per year). It helps compare hourly and salaried positions.

2. How Does the Calculator Work?

The calculator uses the following equation:

Where:

• Hourly Wage — Pay rate per hour in dollars
• Hours per Week — Typical weekly working hours
• 52 — Number of weeks in a year

Explanation: The calculation assumes consistent weekly hours throughout the year without accounting for overtime, bonuses, or unpaid time off.

3. Importance of Salary Calculation

Details: Understanding your equivalent annual salary helps with budgeting, job comparisons, and financial planning. It's particularly useful when transitioning between hourly and salaried positions.

4. Using the Calculator

Tips: Enter your current or prospective hourly wage and typical weekly hours. For part-time work, enter actual hours worked per week.

5. Frequently Asked Questions (FAQ)

Q1: Does this account for overtime pay?
A: No, this calculates base pay only. Overtime would increase annual earnings.

Q2: What about paid time off or holidays?
A: This assumes you work all 52 weeks. For salaried positions with PTO, your effective hourly rate may be higher.

Q3: How accurate is this for biweekly pay?
A: The calculation works for any pay frequency as it calculates total annual compensation.

Q4: Should I use gross or net pay?
A: Always use gross (pre-tax) pay for these calculations.

Q5: What's considered full-time hours?
A: Typically 35-40 hours/week, but this varies by employer and country.