Hourly to Salary Calculator
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A Surprising Story: The Freelancer's True Worth
Anya, a talented graphic designer, decided to leave her full-time job to start freelancing. She was excited to set her own hours. A client offered her a project for $25 per hour. It sounded great, much higher than the effective hourly rate at her old job. She happily worked 30 hours a week for the first year.
Curious, she used an hourly-to-salary calculator. When she entered her rate ($25/hr), hours (30/week), and accounted for 4 weeks of unpaid vacation (48 weeks/year), she was surprised. Her annual income was significantly less than her old salary. She hadn't factored in unpaid leave, sick days, or the lack of benefits. This simple calculation was a powerful reality check. It helped her understand her true worth and adjust her hourly rate to properly reflect the value of her work and the costs of being self-employed. It transformed her freelance career from a passion project into a sustainable business.
How to calculate your annual salary
To calculate your annual salary, take your hourly wage and multiply it by the number of paid hours you work per week and then by the number of paid weeks you work per year.
Annual salary = hourly wage × hours per week × weeks per year
Example calculation
Let's go through an example. If you make $15 per hour and are paid for working 40 hours per week for 52 weeks per year, your annual salary (pre-tax) will be 15 × 40 × 52 = $31,200.
FAQs
Does this calculator account for taxes and deductions?
No, this calculator provides the gross salary (before taxes, insurance, and other deductions). To calculate your net pay, you can use our Take-Home Pay Calculator.
What is a standard work year?
A standard full-time work year is typically considered to be 2,080 hours (40 hours per week × 52 weeks per year). If you take unpaid vacation, you should reduce the number of weeks accordingly (e.g., 2 weeks unpaid leave means 50 weeks per year).