Hourly wage: drag the hours
Drag the handle to set paid hours in a week. The wage is held still, so the headline annual pay moves only because the hours do. Monthly on this picture is the year split twelve ways, not four times weekly pay, which understates a 52-week year.
Annual gross
$31,200.00
Monthly, twelve-way
$2,600.00
Weekly pay is $600.00. Four weeks of that is $2,400.00, which is not a month of a 52-week year. Illustrative arithmetic, not a tax engine or advice.
In short
- Drag the handle right for more hours and a larger year.
- Read annual pay, then the twelve-way monthly figure.
- Cut paid weeks on the second slider to see unpaid time off take two weekly pays off the year.
- Compare four-times-weekly with the twelve-way month. They are not the same number.
Three numbers, not two
A posting that quotes only the hourly wage has not told you the year. Hours a week and weeks a year are the other two inputs. How hourly wage becomes a salary is the product, with the hourly to salary calculator under the answer.
This picture stops at gross pay. FICA and withholding sit on how FICA works.
Part-time is not a smaller hourly number
Hold the wage and cut the week, and annual pay falls even if the hourly figure looks richer than a full-time posting. Comparing two jobs on the hourly number alone hides that.
Overtime, shift premia and tips are not sliders here. Type the blended hourly figure you actually want to annualise, or run the week you care about as hours.
The four-week month is the usual miss
Four times weekly pay is 48 weeks of pay dressed as a month. A 52-week year split twelve ways is the monthly figure this picture prints. Net pay is what remains after FICA and withholding, which is a different object. How the 50/30/20 budget works is what to do with take-home once you have it.
Common questions
Why is monthly not four times weekly?
Because a year has 52 weeks, not 48. Four weeks of weekly pay understates a 52-week year by about 8 percent.
Does this include tax?
No. Gross annual pay is the product of wage, hours and weeks. Take-home is the paycheck page.
Is this an offer of employment?
No. It is three numbers multiplied. It is educational material, not advice, and not an offer of employment.
Keep reading
This page is educational material, not financial advice. The figures come from the formula shown and assume the inputs you enter hold for the whole term. Your own rate, fees, taxes and timing will differ, so treat the output as arithmetic to check a decision against, not as a recommendation.