1. What is the Hourly to Salary Conversion?

The hourly to salary conversion calculates an equivalent annual salary 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 standard formula:

Where:

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

Explanation: This assumes full-time employment (52 weeks per 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 and typical weekly work hours. For part-time work, enter actual hours worked per week.

5. Frequently Asked Questions (FAQ)

Q1: Does this include overtime pay?
A: No, this is a basic calculation. For overtime, you would need to calculate those hours separately at the overtime rate.

Q2: What about unpaid time off?
A: This assumes you work every week of the year. For more accuracy, reduce the number of weeks if you take unpaid leave.

Q3: Is this before or after taxes?
A: This shows gross (pre-tax) annual salary. Take-home pay will be less after deductions.

Q4: How accurate is this for contract work?
A: For contract work, use your actual expected work weeks rather than 52 if you have significant time between contracts.

Q5: What's the difference between salary and hourly?
A: Salary is fixed annual pay regardless of hours worked, while hourly pay varies with hours worked. This calculator converts hourly to equivalent annual.