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Calculating Hourly Wage to Salary

Annual Salary Formula:

\[ \text{Annual Salary} = \text{Hourly Wage} \times \text{Hours per Week} \times 52 \]

dollars/hour
hours

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1. What is the Hourly to Salary Conversion?

The hourly to salary conversion calculates annual earnings based on hourly wage and typical weekly work hours. This helps compare job offers or budget personal finances.

2. How Does the Calculator Work?

The calculator uses the formula:

\[ \text{Annual Salary} = \text{Hourly Wage} \times \text{Hours per Week} \times 52 \]

Where:

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 financial planning, comparing job offers, and budgeting for expenses.

4. Using the Calculator

Tips: Enter your hourly wage in dollars/hour and typical weekly working hours. Both values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: Does this include overtime pay?
A: No, this calculates base salary only. Overtime would increase annual earnings beyond this estimate.

Q2: What about paid time off or holidays?
A: This assumes you work the same hours every week of the year. Paid time off would make actual salary higher.

Q3: How accurate is this for part-time work?
A: The calculation works for any consistent weekly hours, but actual earnings may vary with schedule changes.

Q4: Should I use gross or net hourly wage?
A: Use gross (pre-tax) hourly wage for this calculation to get gross annual salary.

Q5: What if my hours vary each week?
A: Use your average weekly hours for a rough estimate, or calculate based on different scenarios.

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