Salary Calculator: Hourly to Annual Pay & Total Compensation
Convert your pay rate between hourly, weekly, monthly and annual figures — then see your real hourly wage after unpaid overtime and paid time off, the value of your benefits, and the contractor rate that would match it.
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Equivalent Pay Across All Frequencies
Base pay, base plus cash bonus, and the full package — converted to every common pay period.
| Pay Frequency | Base Pay | With Cash Bonus | Total Package | Periods / Year |
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The 2,080-Hour Rule vs Time Actually Worked
Payroll converts salary to an hourly rate by dividing by 2,080 hours (52 weeks × 40 hours). That treats paid holidays and vacation as working time. Take them out and your pay per hour actually worked is higher — which is why extra vacation days are worth weighing like a raise.
W-2 Salary vs 1099 Contractor Equivalent
A contractor pays both halves of Social Security and Medicare (an extra 7.65% on top of what an employee pays), gets no paid leave, and funds their own benefits and retirement. To match an employee package, the contract rate has to cover all of that from billable hours only.
How this conversion works
This calculator assumes 52 working weeks a year unless you change it. If you take unpaid time off, your actual annual take-home will be somewhat lower than the figure shown here.
By Suhaib Hassan · Formula verified 27 Sep 2026 · How CalculatePilot verifies formulas →
Gross pay vs. take-home pay
The figures here represent gross pay — your earnings before taxes, retirement contributions, and other deductions. Take-home (net) pay is typically 70-80% of gross for most US employees, though the exact percentage depends heavily on tax bracket, state of residence, and benefit elections. For take-home pay, use the paycheck calculator.
When comparing job offers or negotiating pay, converting between hourly and annual figures using this calculator can help you evaluate offers on equal footing, especially when one role is quoted hourly and another as a salary.
A worked example
At $32/hour and 40 hours/week, annual salary works out to 32 times 40 times 52, or $66,560, with a weekly figure of $1,280 and monthly of about $5,547.
Going the other direction, a $75,000 annual salary at 40 hours/week works out to roughly $36.06/hour — useful for comparing an hourly job offer against a salaried one on equal footing.
When comparing job offers, it's worth looking beyond the base salary number entirely — employer 401(k) matching, health insurance quality, paid time off, and bonus structures can add substantial value that a simple hourly-to-annual conversion doesn't capture.
Frequently asked questions
Does this include taxes?
No — this shows gross pay only. Actual take-home pay depends on your tax bracket, deductions, and location.
How many work weeks does this assume per year?
52 weeks. If you have unpaid vacation or leave, reduce the annual figure proportionally.
How do I estimate my actual take-home pay?
Subtract federal and state income tax, Social Security, Medicare, and any pre-tax deductions like 401(k) contributions or health insurance from your gross pay — typically leaving 70-80% as net pay, depending on your situation.
Is a higher hourly rate always better than a salary?
Not necessarily — salaried roles often include benefits like paid time off and health insurance that hourly roles may lack, so total compensation matters more than the base rate alone.
Does this show take-home pay or gross pay?
Gross pay — before taxes and deductions. Actual take-home pay is typically lower, depending on your tax bracket, benefits elections, and location.
How is overtime pay calculated?
In the US, non-exempt employees are generally entitled to 1.5x their regular hourly rate for hours worked beyond 40 in a week, though this calculator does not include overtime in its standard conversion.
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Take-home pay, contracting and budgeting tools.