1. What is Hourly to Salary Conversion?

This calculator converts hourly wage information to an equivalent annual salary figure. It's useful for comparing job offers or budgeting when you know your hourly rate but need to understand the yearly equivalent.

2. How Does the Calculator Work?

The calculator uses the following equation:

Where:

• Hourly Wage — Your pay rate per hour (in dollars)
• Hours per Week — Typical number of hours worked each week
• 52 — Number of weeks in a year

Explanation: This calculation assumes you work the same number of hours every week for the entire year without any unpaid time off.

3. Importance of Salary Calculation

Details: Understanding your annual equivalent salary helps with financial planning, comparing job offers, and understanding your full compensation package.

4. Using the Calculator

Tips: Enter your current or proposed hourly wage and typical weekly hours. For overtime calculations, use your regular hourly rate and average weekly hours including overtime.

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 calculation assumes you work every week of the year. For more accuracy, reduce the number of weeks if you take unpaid leave.

Q3: How accurate is this for part-time work?
A: It's equally accurate for part-time work as long as your weekly hours are consistent.

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

Q5: What if my hours vary each week?
A: Use your average weekly hours over a representative period (e.g., 3-6 months).