Hourly Wage Calculation:
From: | To: |
This calculator converts a biweekly paycheck amount to an equivalent hourly wage, assuming a standard work year of 52 weeks and 26 pay periods.
The calculator uses the following equation:
Where:
Explanation: The equation first calculates annual salary by multiplying biweekly pay by 26 pay periods, then divides by total annual hours (weekly hours × 52) to get hourly rate.
Details: Converting biweekly pay to hourly wage helps compare job offers, understand true earnings, and budget effectively by knowing your time's monetary value.
Tips: Enter your biweekly take-home pay (after taxes if you want net hourly wage) and typical weekly working hours. For overtime calculations, use actual hours worked including overtime.
Q1: Why multiply by 26 pay periods?
A: Biweekly pay means 26 pay periods per year (52 weeks ÷ 2). This differs from semi-monthly pay which has 24 pay periods.
Q2: Should I use gross or net pay?
A: For take-home hourly wage, use net pay. For comparison with hourly jobs, use gross pay before deductions.
Q3: How does overtime affect this?
A: If your biweekly pay includes overtime, the calculated hourly rate will be higher than your base rate. For base rate only, exclude overtime earnings.
Q4: What about unpaid time off?
A: This assumes full-time work. For part-year work, adjust the weeks factor accordingly.
Q5: How accurate is this for salaried employees?
A: This provides a rough equivalent for salaried workers. Actual hourly value may vary with benefits, bonuses, and unpaid overtime.