Annual Salary Formula:
From: | To: |
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.
The calculator uses the formula:
Where:
Explanation: The calculation assumes consistent weekly hours throughout the year without accounting for overtime, bonuses, or unpaid time off.
Details: Understanding your equivalent annual salary helps with financial planning, comparing job offers, and budgeting for expenses.
Tips: Enter your hourly wage in dollars/hour and typical weekly working hours. Both values must be positive numbers.
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.