Salary Calculator
Convert between hourly, daily, weekly, monthly and annual salary. Understand your true earning power and compare job offers easily.
How to Compare Salary Offers
When comparing job offers, it is important to look beyond the base salary. Two jobs with the same annual salary can have very different effective hourly rates depending on hours worked, benefits, and bonuses.
What to Consider
- Hourly vs salary — Salaried jobs often require more hours without overtime pay
- Benefits value — Health insurance, 401k matching, and PTO add significant value
- Cost of living — $100K in a small city goes much further than $100K in New York
- Work-life balance — Is the extra pay worth the additional hours?
Frequently Asked Questions
How do I convert hourly wage to annual salary?
Annual salary = Hourly rate × Hours per week × 52 weeks. Full-time (40 hrs/week): multiply hourly rate by 2,080. Part-time (20 hrs/week): multiply by 1,040. Don't forget to account for unpaid vacation and holidays.
What's the difference between gross and net pay?
Gross pay is your total before deductions. Net pay (take-home pay) is what you receive after: federal income tax, state income tax, Social Security (6.2%), Medicare (1.45%), health insurance premiums, and retirement contributions.
How are federal taxes calculated on salary?
Federal taxes use progressive brackets. In 2024, brackets range from 10% to 37% depending on taxable income. Your marginal rate applies to each additional dollar earned. Deductions (401k, IRA, etc.) reduce your taxable income.
How many hours per year do full-time workers work?
Full-time = 40 hours/week × 52 weeks = 2,080 hours/year. Accounting for 10 federal holidays + average 10 vacation days = 2,000 billable hours. For salary negotiations, use 2,080 hours.
Should I negotiate salary or benefits?
Always negotiate! A $5,000 salary increase compounds over your entire career and affects retirement contributions. But also consider: health insurance quality, 401k match, bonuses, remote work options, and professional development budget.