Quiz: Annual Income Calculator

Turn an hourly wage into gross annual, monthly, and estimated take-home pay: hourly rate × hours per week × paid weeks per year, minus your deduction percentage.

Quick Facts

Formula
Annual gross = hourly wage × hours/week × paid weeks/year
40 hours × 52 weeks = 2,080 hours, the standard full-time work year.
Take-home
Net pay = gross × (1 − deduction %)
A flat estimate covering income tax, FICA (7.65% employee share), and payroll deductions.

Your Results

Calculated
Gross annual income
-
Before taxes and deductions
Gross monthly income
-
Annual gross ÷ 12
Annual take-home (est.)
-
After your deduction %
Take-home hourly rate
-
Net pay per hour worked

Ready

Enter your hourly wage, weekly hours, and paid weeks, then press Calculate.

How the Annual Income Calculator works

This calculator uses the standard pay-conversion formula: gross annual income = hourly wage × hours per week × paid weeks per year. It then divides by 12 for gross monthly income and applies your estimated tax-and-deduction percentage to show annual take-home pay and a net hourly rate. At the default $25/hour, 40 hours, and 52 paid weeks, that is 25 × 40 × 52 = $52,000 gross per year.

Gross vs. take-home pay

Gross pay is what you're quoted. Take-home pay is what hits your bank account after federal income tax, FICA (Social Security 6.2% + Medicare 1.45%), state/local taxes, health insurance premiums, and retirement contributions. For most earners in median-tax states, take-home runs 65–75% of gross.

Converting between pay periods

  • Annual → hourly: divide by 2,080 (52 weeks × 40 hours)
  • Hourly → annual: multiply by 2,080
  • Semi-monthly vs. bi-weekly: these aren't the same — bi-weekly gives 26 paychecks/year vs. 24 for semi-monthly, so two months a year have three bi-weekly checks

Comparing job offers

Normalize competing offers to annual take-home including benefits: add employer 401k match, health insurance value (often $6,000–$15,000/year), and any equity at fair value. A $10,000 higher base salary may be outweighed by a superior benefits package at the lower-paying offer.

Frequently Asked Questions

How do I convert an hourly wage to annual income?
Multiply your hourly rate by the hours you work per week, then by the number of paid weeks per year. At $25 per hour, 40 hours per week, and 52 paid weeks, gross annual income is 25 × 40 × 52 = $52,000. The common shortcut of multiplying an hourly rate by 2,080 assumes exactly 40 hours per week for 52 weeks.
What is the difference between gross and take-home pay?
Gross pay is your income before anything is withheld. Take-home (net) pay is what remains after federal income tax, Social Security (6.2%) and Medicare (1.45%), state and local taxes, and deductions such as health insurance premiums and retirement contributions. For many US earners take-home lands around 65–75% of gross, which is why this calculator lets you set an estimated deduction percentage.
Should I use 52 or 50 paid weeks per year?
Use 52 weeks if you are salaried or receive paid vacation, since you are paid year-round. If you are hourly with unpaid time off, reduce the paid weeks accordingly — for example, 50 weeks if you take two unpaid weeks. Each unpaid week at 40 hours and $25 per hour lowers annual income by $1,000.

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