How it works

The annual equivalent depends on your pay period and paid work schedule. Hourly pay uses hours per day, days per week, and paid weeks per year. Monthly pay is multiplied by 12. Taxes, deductions, overtime premiums, bonuses, and benefits are not included.

Standard formulaannual hourly pay = rate × hours/day × days/week × paid weeks

Worked example

25 per hour × 8 hours × 5 days × 52 paid weeks = 52,000 annual gross pay, or about 4,333.33 per month.

Frequently Asked Questions

Is this take-home pay?

No. All values are gross pay before tax and deductions.

Why enter paid weeks?

Unpaid leave reduces yearly earnings. Count paid holidays and leave when included in your compensation.

How is monthly pay calculated?

It is the annual total divided by 12, not weekly pay multiplied by 4.

Does this include overtime?

No overtime premium is applied. Calculate any additional compensation separately.