Salary Calculator: Convert Annual, Monthly, Weekly & Hourly Pay
Free salary calculator to convert between annual, monthly, biweekly, weekly, daily, and hourly pay rates. Perfect for budgeting, job comparisons, and understanding your compensation package.
Category: Financial
Frequently Asked Questions
What is a salary calculator?
A salary calculator is a tool that converts your annual salary into other pay periods like monthly, weekly, or hourly wages. It's useful for budgeting, comparing job offers, or understanding how your pay breaks down across different time periods.
How do I convert my hourly rate to an annual salary?
To convert an hourly rate to an annual salary, multiply your hourly wage by the number of hours you work per week, then multiply that by 52 (weeks in a year). For example, $20/hour × 40 hours × 52 weeks = $41,600 annual salary.
What is the difference between gross and net salary?
Gross salary is your total earnings before any deductions like taxes, insurance, or retirement contributions. Net salary (take-home pay) is what you actually receive after these deductions. This calculator works with gross salary figures.
How can I use this calculator for budgeting?
This salary calculator helps with budgeting by showing your income across different pay periods. If you're paid monthly but have weekly expenses, knowing your weekly equivalent pay helps you allocate funds appropriately. For comprehensive budgeting, consider using both your gross and net (after-tax) income.
Why do my biweekly and semi-monthly calculations differ?
Biweekly pay occurs every two weeks (26 pay periods per year), while semi-monthly pay occurs twice a month (24 pay periods per year). This difference results in slightly different payment amounts even though they seem similar. Biweekly payments are generally smaller but you receive two extra payments per year.