Yearly Wage Calculator

Convert Hourly, Weekly, and Monthly Income into Yearly Salary

The Yearly Wage Calculator enables employees, freelancers, and employers to convert pay rates between any payment period—hourly, daily, weekly, bi-weekly, monthly, or annual. It accounts for customary full-time working schedules, unpaid vacation days, and optional overtime pay rates.

How Annual Salary is Calculated

The basic formula for converting an hourly wage into an annual gross salary assumes a standard 40-hour workweek across 52 weeks per year (2,080 working hours):

$$\text{Annual Salary} = \text{Hourly Rate} \times \text{Hours per Week} \times (\text{Weeks per Year} - \text{Unpaid Weeks})$$

When factoring in overtime hours paid at a premium rate (such as 1.5 times regular hourly pay):

$$\text{Total Annual Wage} = \text{Base Annual Wage} + (\text{Overtime Hours} \times \text{Hourly Rate} \times \text{Overtime Multiplier} \times \text{Weeks Worked})$$