Calculate Your Salary
Enter your compensation details to calculate annual salary, hourly rate, and take-home pay.
Convert Hourly Wage to Annual Salary
Convert Annual Salary to Hourly Wage
Calculate Take-Home Pay
Salary Calculation Results
Salary Comparison
Understanding Salary Calculations
Salary calculations involve more than just multiplying hourly rate by hours worked. Understanding the difference between gross and net pay, tax implications, and total compensation is essential for financial planning.
Hourly to Annual Salary Conversion
Annual Salary = Hourly Rate × Hours per Week × Weeks per Year
Example: $25/hour × 40 hours/week × 52 weeks/year = $52,000/year
Understanding Pay Periods
| Pay Period | Paychecks per Year | Calculation | Example ($52,000/year) |
|---|---|---|---|
| Weekly | 52 | Annual ÷ 52 | $1,000 |
| Bi-weekly | 26 | Annual ÷ 26 | $2,000 |
| Semi-monthly | 24 | Annual ÷ 24 | $2,166.67 |
| Monthly | 12 | Annual ÷ 12 | $4,333.33 |
Tax Withholding Components
🏛️ Federal Income Tax
Progressive tax brackets: 10%, 12%, 22%, 24%, 32%, 35%, 37%
Based on filing status and taxable income after deductions.
🏙️ State Income Tax
Varies by state: 0% to 13.3%
Seven states have no income tax: Alaska, Florida, Nevada, South Dakota, Texas, Washington, Wyoming.
👵 FICA Taxes
Social Security: 6.2% on first $168,600 (2024)
Medicare: 1.45% on all earnings (+0.9% over $200,000)
📋 Pre-tax Deductions
Reduce taxable income: 401(k), health insurance, HSA, FSA
Example: $5,000 in deductions saves $1,100 in taxes (22% bracket).
Total Compensation vs. Salary
Your total compensation includes more than just salary:
Base Salary
Your regular pay before bonuses or overtime
Bonuses & Commission
Performance-based additional compensation
Health Benefits
Employer-paid health insurance (worth $6,000-$20,000/year)
Retirement Contributions
Employer 401(k) matching (typically 3-6% of salary)
Paid Time Off
Vacation, sick days, holidays (worth 5-15% of salary)
Education & Development
Tuition reimbursement, training, conferences