The hourly-to-salary formula
Converting an hourly wage to a salary is a matter of scaling up by how much you work:
annual = hourly × hours/week × weeks/year
monthly = annual ÷ 12
weekly = hourly × hours/week
A standard full-time year is 40 hours a week for 52 weeks, which is 2,080 paid hours. If some of your weeks off are unpaid, lower the weeks-per-year figure to match your real earnings.
Worked example
Someone earning $25 an hour, working 40 hours a week for all 52 weeks:
Annual: $25 × 40 × 52 = $52,000.
Monthly: $52,000 ÷ 12 = $4,333.33.
Weekly: $25 × 40 = $1,000.
Reverse it: to go from a salary back to an hourly rate, divide the annual figure by total hours worked (hours/week × weeks/year). Our Salary to Hourly Calculator does this for you.
Gross pay, not take-home
These figures are gross pay — before income tax, FICA and any benefit deductions. Your actual take-home will be lower. To estimate what lands in your bank account, run the annual figure through our Paycheck Calculator.