Annual Income Calculator
Calculate your yearly salary from hourly wage, weekly, monthly pay, or convert between pay frequencies
Calculate Your Annual Income
Subtract vacation/unpaid leave weeks from 52
Combined federal, state, and local tax rate
Annual Income Results
💡 Annual Income Information
• Gross income is before taxes and deductions
• Net income is after taxes (take-home pay)
• Consider benefits, bonuses, and overtime in total compensation
• This calculator provides estimates for planning purposes
Example Calculation
Full-time Employee
Hourly Wage: $25.00
Hours per Week: 40
Weeks per Year: 50
Tax Rate: 22%
Calculation
Annual Hours: 40 × 50 = 2,000
Gross Income: $25 × 2,000 = $50,000
Tax Amount: $50,000 × 22% = $11,000
Net Income: $39,000
Pay Breakdown
Monthly: $3,250
Bi-weekly: $1,538
Weekly: $769
Daily: $154
Pay Frequency Guide
Income Planning Tips
Understanding Annual Income Calculations
Basic Formula
The fundamental formula for calculating annual income is:
Annual Income = Hourly Wage × Hours per Week × Weeks per Year
Gross vs Net Income
- •Gross Income: Total earnings before any deductions
- •Net Income: Take-home pay after taxes and deductions
- •Tax Rate: Combined federal, state, and local taxes
Common Calculations
Pay Period Conversions
- • Weekly: Annual ÷ 52
- • Bi-weekly: Annual ÷ 26
- • Monthly: Annual ÷ 12
- • Daily: Annual ÷ (Weeks × 5)
Tip: Remember to account for unpaid vacation, holidays, and sick days when calculating your working weeks per year.
Factors Affecting Annual Income
Work Schedule
- • Hours per week
- • Weeks worked per year
- • Overtime opportunities
- • Vacation and sick days
Additional Income
- • Bonuses and commissions
- • Overtime pay
- • Tips and gratuities
- • Side income or freelancing
Deductions
- • Federal and state taxes
- • Social Security and Medicare
- • Health insurance premiums
- • Retirement contributions
Using This Calculator
This annual income calculator is versatile and can work in multiple directions:
Forward Calculations
- • From hourly wage to annual salary
- • From weekly pay to yearly income
- • From monthly salary to annual earnings
Reverse Calculations
- • From annual salary to hourly wage
- • From yearly income to weekly pay
- • From net income to gross salary