Annual Income Calculator
Convert hourly wage to annual salary or calculate hourly rate from yearly income. Include tax deductions to see your net take-home pay.
Income Details
Working Hours
Total hours/year: 2,080
Net Salary (After Tax)
Income Breakdown
Enter Your Income Details
Enter either your hourly wage or annual income to see the full breakdown of your earnings.
Hourly to Annual Salary Conversion Table
| Hourly Wage | Weekly (40hrs) | Monthly | Annual |
|---|---|---|---|
| $7.25 | $290.00 | $1,256.67 | $15,080.00 |
| $10.00 | $400.00 | $1,733.33 | $20,800.00 |
| $15.00 | $600.00 | $2,600.00 | $31,200.00 |
| $20.00 | $800.00 | $3,466.67 | $41,600.00 |
| $25.00 | $1,000.00 | $4,333.33 | $52,000.00 |
| $30.00 | $1,200.00 | $5,200.00 | $62,400.00 |
| $40.00 | $1,600.00 | $6,933.33 | $83,200.00 |
| $50.00 | $2,000.00 | $8,666.67 | $104,000.00 |
| $75.00 | $3,000.00 | $13,000.00 | $156,000.00 |
| $100.00 | $4,000.00 | $17,333.33 | $208,000.00 |
Understanding Annual Income
How to Calculate Annual Income
The formula to calculate annual income from an hourly wage is straightforward:
Annual Income = Hourly Wage × Hours per Week × Weeks per Year
For a standard full-time employee working 40 hours per week for 52 weeks, the formula simplifies to: Annual Income = Hourly Wage × 2,080
Gross vs. Net Income
Gross Income
Your total earnings before any deductions. This is your "on paper" salary that includes all compensation before taxes, insurance, and retirement contributions are taken out.
Net Income (Take-Home Pay)
The amount you actually receive after all deductions. This is what gets deposited into your bank account and represents your true spending power.
Net Income Formula: Net Income = Gross Income × (1 - Tax Rate)
Common Questions Answered
How much is $15 an hour annually?
At $15/hour working full-time (40 hours/week, 52 weeks/year): $15 × 40 × 52 = $31,200 per year before taxes.
What hourly wage equals $100,000 a year?
$100,000 ÷ 2,080 hours = $48.08 per hour for full-time work.
How do I account for unpaid time off?
Reduce the "weeks per year" value. For example, if you take 2 weeks unpaid vacation, use 50 weeks instead of 52 in your calculation.
Tips for Using This Calculator
- Part-time workers: Adjust hours per week to match your actual schedule
- Contract workers: Reduce weeks per year to account for gaps between contracts
- Overtime: Calculate regular and overtime hours separately, then add the results
- Multiple jobs: Calculate each job separately and sum the totals
- Tax estimation: Use your marginal tax bracket for a rough estimate of net income
Frequently Asked Questions
How do I calculate annual income from hourly wage?
Multiply your hourly rate by the number of hours you work per week, then multiply by the number of weeks you work per year. For full-time work: Hourly Rate × 40 hours × 52 weeks = Annual Income.
What is the difference between gross and net annual income?
Gross annual income is your total earnings before deductions (taxes, insurance, retirement). Net annual income is your take-home pay after all deductions are subtracted.
How many work hours are in a year?
A standard full-time work year has 2,080 hours (40 hours per week × 52 weeks). After accounting for holidays and vacation (typically 10-15 days), actual working hours are usually around 1,920-2,000.
Should I include overtime in my annual income calculation?
Yes, if you regularly work overtime. Calculate your regular hours at standard pay, then add overtime hours at 1.5x (or your overtime rate) separately.
How do I calculate my hourly rate from a salary?
Divide your annual salary by the total number of hours you work per year. For full-time: Annual Salary ÷ 2,080 = Hourly Rate.
What is a good annual income?
This depends on your location, lifestyle, and family size. In the US, the median household income is around $70,000. A "good" income is one that comfortably covers your expenses and allows for savings.