Annual Salary Calculator
Calculate your yearly income from hourly wage and working hours
Salary Information
Full-time is typically 40 hours
52 weeks = full year without vacation
Your hourly rate before taxes
Estimated total tax rate
📊 Your Annual Salary
Gross Annual Salary
Before taxes
Net Annual Salary
After 22% tax
📅 Working Hours
💰 Income Breakdown by Pay Period
💸 Tax Information
Example Calculations
Full-Time Employee ($25/hour)
Hours: 40 hours/week × 52 weeks = 2,080 hours/year
Calculation: $25/hour × 2,080 hours = $52,000/year
After 22% tax: $52,000 × 0.78 = $40,560/year
Part-Time Worker ($15/hour)
Hours: 20 hours/week × 48 weeks = 960 hours/year
Calculation: $15/hour × 960 hours = $14,400/year
After 12% tax: $14,400 × 0.88 = $12,672/year
💡 Quick Tips
Standard full-time is 40 hours per week
52 weeks equals a full year
Account for vacation time by reducing weeks
Tax rates vary by state and income level
Net salary is your actual take-home pay
Common Hourly Wages
Based on 40 hours/week, 52 weeks/year
📊 U.S. Average
Source: U.S. Bureau of Labor Statistics
Understanding Annual Salary
Gross vs Net Income
Gross annual income is your total earnings before any deductions like taxes, insurance, or retirement contributions. This is the number used for loan applications and salary negotiations.
Net annual income (take-home pay) is what you actually receive after all deductions. This is the amount you have available for budgeting and expenses.
How to Calculate
The formula for calculating annual salary from hourly wage is straightforward:
Annual Salary = Hourly Wage × Hours per Week × Weeks per Year
For net salary, multiply by (1 - tax rate):
Net Salary = Gross Salary × (1 - Tax Rate)
Calculating for Different Work Schedules
Full-Time
• 40 hours per week
• 52 weeks per year
• 2,080 total hours
$25/hr = $52,000/year
Part-Time
• 20 hours per week
• 48 weeks per year
• 960 total hours
$15/hr = $14,400/year
Variable Hours
• Calculate average hours
• Count working weeks
• Use actual totals
30 avg hrs = varies
🎯 Key Considerations
Factors Affecting Net Income:
- • Federal income tax
- • State and local taxes
- • Social Security (6.2%)
- • Medicare (1.45%)
- • Health insurance premiums
- • Retirement contributions
Planning Considerations:
- • Account for paid time off
- • Consider overtime opportunities
- • Factor in bonuses and raises
- • Include benefits value
- • Plan for tax refunds/payments
- • Track actual vs expected income
Frequently Asked Questions
How do I convert my annual salary to hourly rate?
To convert annual salary to hourly rate, divide your annual salary by the number of working hours per year. Formula: Hourly Wage = Annual Salary ÷ (Hours per Week × Weeks per Year). For example, $52,000/year ÷ 2,080 hours = $25/hour.
How much is $17 per hour annually?
At $17/hour working 40 hours per week for 52 weeks, your annual salary would be $35,360 ($17 × 40 × 52 = $35,360). After a 12% tax rate, your net annual income would be approximately $31,117 ($35,360 × 0.88).
What is the average annual salary in the U.S.?
According to the U.S. Bureau of Labor Statistics, the average annual salary in the U.S. is $58,260, which corresponds to an average hourly wage of $28.01. However, this varies significantly by industry, location, experience level, and education.
Should I account for vacation time?
If you're paid hourly and don't receive paid vacation, reduce your working weeks per year accordingly. For example, with 2 weeks unpaid vacation, use 50 weeks instead of 52. If you're salaried with paid vacation, use the full 52 weeks.
What tax rate should I use?
Your total tax rate includes federal, state, and local income taxes, plus Social Security (6.2%) and Medicare (1.45%). A rough estimate for combined taxes ranges from 20-35% depending on your income level and location. Consult a tax professional for accurate rates.
How can I increase my salary?
Key strategies include: gaining additional skills and certifications, negotiating raises during performance reviews, considering job changes (often yields 10%+ increases), pursuing higher education, taking on more responsibilities, and evaluating total compensation including benefits.