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💼 Income Calculator 2026

Convert hourly wages to salary or estimate income across pay periods

💵 Hourly Income Details

Federal + State + FICA combined estimate
Annual Gross Income
$52,000
Hourly Rate
$25.00
OT Pay/Year
$0
Daily Income
$200
Monthly Gross
$4,333

💰 After Tax Estimates (22% rate)

Yearly Net
$40,560
Monthly Net
$3,380
Bi-Weekly Net
$1,560
Weekly Net
$780

📊 Income Breakdown

Regular Pay (annual)$52,000
Overtime Pay (annual)$0
Total Hours/Year2,080
Effective Hourly Rate$25.00
Estimated Annual Tax$11,440

Quick Reference

📐 Hourly to Annual

Annual = Hourly × Hours/Week × 52. At $25/hour, 40 hrs/week: $25 × 40 × 52 = $52,000/year. Add overtime separately.

📅 Annual to Hourly

Hourly = Annual ÷ (Hours/Week × 52). $52,000 salary ÷ 2,080 hours = $25/hour. Standard full-time is 2,080 hours/year.

💵 Monthly Estimate

Monthly = Annual ÷ 12. Or Hourly × Hours × 4.33 (avg weeks/month). $52,000 ÷ 12 = $4,333/month gross.

📊 Tax Estimates

Combined rate (federal + state + FICA) typically 20-35% depending on income and location. Use actual pay stubs for accuracy.

Frequently Asked Questions

How do I convert hourly wage to yearly salary?
Formula: Hourly × Hours/Week × 52. Example: $20/hour × 40 hours × 52 weeks = $41,600/year. This assumes no unpaid time off. Adjust weeks if you take unpaid leave.
How do I convert salary to hourly rate?
Formula: Annual Salary ÷ (Hours/Week × 52). Example: $60,000 ÷ 2,080 = $28.85/hour. 2,080 is standard full-time hours (40 × 52).
How many work hours are in a year?
Standard full-time: 2,080 hours (40 hours × 52 weeks). After holidays/PTO: typically 1,920-2,000 actual hours. Part-time varies based on schedule.
What is gross vs net income?
Gross = total before deductions. Net = take-home after taxes and deductions (federal, state, FICA, insurance, 401k). Net is typically 65-80% of gross.
How do I calculate overtime pay?
OT = Hourly Rate × OT Multiplier × OT Hours. Standard is 1.5x (time and a half). $20/hr × 1.5 × 10 OT hours = $300 overtime pay.
How many weeks are in a year for pay?
52 weeks. Bi-weekly pay = 26 paychecks. Some years have 53 weeks (affects weekly/bi-weekly calculations slightly).
What is bi-weekly vs semi-monthly pay?
Bi-weekly = every 2 weeks (26 paychecks/year). Semi-monthly = 1st and 15th (24 paychecks/year). Same annual amount, different per-check amounts.
How much is $15/hour annually?
$15 × 40 × 52 = $31,200/year gross. After ~25% taxes, net is approximately $23,400/year or $1,950/month. Actual varies by tax situation.
How much is $50,000 a year hourly?
$50,000 ÷ 2,080 = $24.04/hour (40-hour week). If you work 50 hours: $50,000 ÷ 2,600 = $19.23 effective hourly. Hours matter for comparison.
What taxes are taken from my paycheck?
Federal income tax (10-37% based on brackets), State tax (0-13% by state), FICA (7.65% - Social Security + Medicare). Plus optional 401k, insurance, etc.
How do I estimate my tax rate?
Add federal marginal rate (10-24% for most) + state rate + 7.65% FICA. Typical total: 22-32%. Check pay stub for actual withholding percentage.
Is salary better than hourly?
Depends on situation. Salary: predictable income, often more benefits, but may work unpaid overtime. Hourly: paid for all hours, OT pay, but income varies. Compare total compensation.
How do I compare job offers?
Convert all to same basis (annual/hourly). Factor in: benefits value, 401k match, PTO, commute costs, work hours required. A lower salary with great benefits may be better.
What is a living wage?
Varies greatly by location. NYC: ~$25/hr. Rural areas: ~$15/hr. Check MIT Living Wage Calculator for your area. Includes basic needs: housing, food, transport, healthcare.
How do I calculate monthly income from hourly?
Hourly × Hours/Week × 4.33 (average weeks per month). Example: $20 × 40 × 4.33 = $3,464/month gross. Or annual ÷ 12 for more accuracy.
Does this calculator include benefits?
No. This shows income only. Total compensation includes: health insurance ($5-15k value), 401k match, PTO, bonuses, stock options, etc. Benefits can add 20-40% to salary value.
How accurate is this income calculator?
Calculations are mathematically accurate. Tax estimates are approximations—actual taxes depend on deductions, filing status, state, and individual circumstances. Use for planning, not tax filing.