Weekly Salary Formula:
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The weekly salary calculation estimates gross earnings based on hourly rate and hours worked per week. This is commonly used in Australia for casual, part-time, or hourly-paid employment.
The calculator uses the basic salary formula:
Where:
Explanation: The calculation provides gross weekly earnings before taxes and other deductions.
Details: Understanding weekly earnings helps with budgeting, comparing job offers, and financial planning. In Australia, this is particularly important for casual workers who may have varying hours.
Tips: Enter your hourly rate in AUD and typical hours worked per week. The calculator will estimate your gross weekly earnings.
Q1: Does this include superannuation?
A: No, this calculates gross salary only. Superannuation (typically 11% in Australia) would be additional.
Q2: What about overtime rates?
A: This calculator uses standard rates. For overtime calculations, you would need to account for penalty rates separately.
Q3: Is this before or after tax?
A: This shows gross (pre-tax) earnings. Australian tax would be deducted from this amount.
Q4: What's the maximum hours per week?
A: While the calculator accepts up to 168 hours (24×7), standard full-time in Australia is typically 38 hours/week.
Q5: How does this compare to annual salary?
A: Multiply weekly salary by 52 for rough annual equivalent, though this doesn't account for leave loading or other benefits.