How do I convert hourly wage to annual salary?
Multiply your hourly wage by hours per week, then by weeks per year. For standard full-time work: hourly × 40 × 52 = annual salary. Example: $25/hour × 40 × 52 = $52,000/year. For a quick estimate, multiply hourly × 2,080 (the standard work-year hours).
How do I convert salary to hourly rate?
Divide your annual salary by total work hours per year. For standard full-time (2,080 hours): salary ÷ 2,080 = hourly rate. Example: $60,000 ÷ 2,080 = $28.85/hour. Adjust the divisor if your real schedule is more or fewer than 40 hours a week.
How do I include overtime in this calculator?
The widget computes straight-time pay only, so do the overtime add-on separately. Under the FLSA, non-exempt workers earn 1.5× their regular rate for hours over 40 in a week. For 80 hours of OT per year at $25/hour: 80 × $37.50 = $3,000 on top of the $52,000 base, for a $55,000 total. A few states (notably California) also require daily overtime after 8 hours.
Does this calculator account for taxes?
No — it returns gross pay only. Your take-home is reduced by federal income tax, FICA (7.65% for Social Security and Medicare), state and local income tax, and benefit deductions. Combined, these typically take 20%–35% off the top depending on bracket and state. For after-tax estimates, run the gross figure through a paycheck calculator.
How do unpaid days off affect the calculation?
Unpaid time reduces your effective annual income. Lower Weeks Per Year to reflect it: two unpaid weeks means 50 weeks, not 52. Example: $25/hour × 40 × 50 = $50,000 (versus $52,000 if all weeks were paid). Paid PTO does not require this adjustment because you're still being paid during those weeks.
What's the difference between 2,080 and 2,087 hours per year?
2,080 is the simple 40 × 52 standard used by most private employers and HR software. 2,087 is the figure the U.S. Office of Personnel Management uses for federal civilian pay; it averages leap years over a 28-year cycle (2,087.143 rounded). The gap is about 0.34% — small for budgeting but meaningful for federal back-pay calculations.
How do I compare a salary offer to my current hourly rate?
Switch to Salary → Hourly mode, enter the offered salary, and use the realistic hours per week the new role expects, not 40 by default. A $70,000 offer at 40 hours is $33.65/hour; at 50 expected hours it's only $26.92/hour. If the salaried role is exempt, those extra hours come without overtime, so the comparison must be based on total expected hours.
What's the difference between exempt and non-exempt salaried employees?
Non-exempt workers (hourly or salaried) are entitled to FLSA overtime at 1.5× for hours over 40/week. Exempt workers — typically salaried at or above the federal threshold and meeting duties tests for executive, administrative, professional, or outside-sales roles — do not receive overtime. Most salaried office workers in the U.S. are exempt, which is why a salaried job's effective hourly rate can be much lower than its headline number suggests.
How should I set my freelance or contractor hourly rate?
Start with your target gross income, then add roughly 25%–50% to cover self-employment tax (15.3% FICA), health insurance, retirement contributions, paid time off you'll have to fund yourself, and unbillable hours like admin and sales. A common rule of thumb: a $50/hour contractor rate is roughly equivalent to a $35–$38/hour employee rate with full benefits.
Why are bi-weekly and semi-monthly amounts different?
Bi-weekly pays every two weeks — 26 checks a year — so each check is annual ÷ 26. Semi-monthly pays twice a month (e.g., the 1st and 15th) — 24 checks a year — so each check is annual ÷ 24. On $52,000/year that's $2,000 bi-weekly versus $2,166.67 semi-monthly. Total annual pay is identical; the per-check size and timing differ.
Should I take the higher-paying job with longer hours?
Convert both to an effective hourly rate using realistic weekly hours, then compare. A $75,000 salary at 50 hrs/week works out to $28.85/hour; a $60,000 salary at 40 hrs/week is the same $28.85/hour. The dollar headline favors the first job; the per-hour value is identical, and the 40-hour role buys back 500 hours of your year.
Does this calculator work for part-time schedules?
Yes. Set Hours Per Week to your actual schedule — 20, 25, 30, or any number — and the math scales linearly. For example, $22/hour × 30 hours × 52 weeks = $34,320/year. Use one of the part-time presets to fill the schedule fields quickly.