Annual Income Calculator
Convert your hourly wage to yearly salary, find your gross or net annual income, and see your pay broken down by week, month, and paycheck — all instantly.
📉 Net Income (After Tax)
| Pay Period | Gross Pay | Net Pay (After Tax) |
|---|
📋 Table of contents
- How to use the annual income calculator
- How to calculate annual income by hand
- What is gross annual income? What is net annual income?
- Gross annual income calculator
- Annual net income calculator
- How to find annual income — examples
- Other ways to use the yearly salary calculator
- Annual income by pay period
- FAQs
How to use the annual income calculator
This calculator effortlessly converts your hourly wage into an annual salary — and works the other way too. Here's how:
- Enter your hourly wage — the amount you earn per hour before tax.
- Enter hours per week — typically 40 for full-time work.
- Enter weeks per year — usually 52, or fewer if you take unpaid leave.
- Add a tax rate (optional) — to see your estimated net (take-home) income.
- Click Calculate — your gross annual income, monthly, weekly, and net pay all appear instantly.
Need to go the other way? Switch to the "Salary → Hourly Wage" tab, enter your known annual salary, and the calculator works backward to show your equivalent hourly rate.
How to calculate annual income by hand
The formula for annual income is simple:
Just substitute your own numbers into the formula above if you want to calculate it manually instead of using the tool. See the worked examples below for a step-by-step walkthrough.
What is gross annual income? What is net annual income?
"Annual" means yearly, and "income" means the money you earn. So annual income is simply the total amount of money you make in one year.
There are two important versions of this number:
Understanding the difference matters for budgeting: your gross salary looks impressive on a job offer, but your net income is what you can actually spend.
Gross annual income calculator
Gross income is money before taxation. To calculate your gross annual income with this tool, simply enter your gross hourly wage, hours per week, and weeks per year in the calculator above — the "Gross Annual Income" result is shown instantly at the top.
If you prefer to calculate gross annual income by hand, use the formula from the section above — just be sure to use your gross (pre-tax) hourly wage.
Annual net income calculator
Some of your salary goes toward income tax, pension contributions, insurance, and other deductions. Net income is what remains after these deductions are taken out.
There are two ways to find your net annual income using this calculator:
- Enter your gross hourly wage and a tax rate percentage — the calculator automatically computes your net annual income in the "Net Income (After Tax)" section.
- If you already know your gross annual salary, switch to the reverse mode, enter the salary directly, and add your tax rate.
How to find annual income — examples
Susanne earns $15 per hour and works full-time (40 hours per week), 52 weeks a year. To find her annual income, multiply all three values:
Susanne's yearly salary equals $31,200.
Josh gets paid $500 a week ($12.50 per hour, 40 hours per week). He takes 2 weeks of unpaid holiday per year. What's his annual income?
First, find his working weeks: 52 − 2 = 50 weeks. Then multiply by his weekly wage:
Josh's annual income equals $25,000.
Other ways to use the yearly salary calculator
Beyond converting hourly pay to a yearly figure, this calculator is useful for:
- Comparing job offers — quickly convert an hourly rate from one offer and a salary from another into the same format.
- Negotiating pay raises — understand exactly how a $1/hour raise translates to annual income.
- Freelance and contract pricing — figure out what hourly rate you need to charge to hit a target annual income.
- Budgeting — break your salary down into monthly, weekly, and per-paycheck amounts to plan expenses.
- Part-time work planning — see how reducing your hours per week affects your total yearly earnings.
Annual income by pay period
Most employers pay on a regular schedule rather than once a year. Here's how your annual salary typically breaks down:
| Pay Period | Formula | Frequency / Year |
|---|---|---|
| Weekly | Annual ÷ 52 | 52 times |
| Bi-Weekly | Annual ÷ 26 | 26 times |
| Semi-Monthly | Annual ÷ 24 | 24 times |
| Monthly | Annual ÷ 12 | 12 times |
| Quarterly | Annual ÷ 4 | 4 times |
This calculator automatically shows your monthly, bi-weekly, weekly, and hourly equivalents the moment you calculate your annual income above.