Hourly Wage Calculator

home / business menu / hourly wage calculator

Welcome to our free online paycheck calculator, here you can:
• Calculate annual salary, monthly salary, and weekly salary from an hourly wage with this hourly wage calculator.
• Input your hourly wage, normal hours per week, overtime hours, and no. of weeks worked in a year to determine weekly and annual salary.
• Also, you can convert your salary into hourly and weekly by using the salary converter formulas described below.

To find salary from hourly wage, use these formulas:

Regular Weekly Pay = Hourly Wage x Hours Worked

Overtime Weekly Pay = Hourly Wage x 1.5 x Overtime Hours

Overtime Hours = The amount of hours worked above-and-beyond 40
hours. If you worked 55 hours in a week, your overtime hours would
be 15.

Total Weekly Pay = Regular Weekly Pay + Overtime Weekly Pay

Total Salary = Weekly Pay x Work Weeks per Year

Example: If you earn $8.35 per hour, work 50 weeks a year, and
average 50 hours/week:

Regular Weekly Pay = 8.35 x 40 = $334

Overtime Weekly Pay = 8.35 x 1.5 x 10 = $125.25

Total Weekly Pay = $334 + $125.25 = $459.25

Total Salary = $459.25 x 50 = $22,962.50

Wages vs. Salary information

Just to be clear on what wage is in comparison to salary:
• Wage is compensation based on the no. of hours worked and multiplied by the rate of pay per hour. Wage-earners are going to be subject to some changes in predictable pay due to the number of hours available to work.
• A salary is an agreed amount of annual pay for completing tasks rather than working hours if you want a steady, constant paycheck that is predictable, you may want to seriously consider a salary position.

Salary from hourly wage

How to calculate the average monthly salary?
If you want to calculate your monthly average salary from hourly wages, then:
• Just find out the weekly wages by using this calculator.
• Multiply weekly wages with no. of weeks worked.
Weekly wages × No. of weeks worked = Average monthly salary
How to calculate Annual salary or Annual Paycheck?
You can calculate your annual gross income or annual paycheck from this calculator by filling the following details in the field boxes:
• Put the hourly wages.
• Hours in a week worked and overtime hours if any.
• No. of weeks worked in a year.
This calculator will bring you the result of your annual gross income.
How to calculate Annual/Monthly take home paycheck?
If you want to calculate the net income for a month or for a year you can calculate from this calculator by deducting all the taxes from your paycheck:
• Just subtract the amount of pre-tax and post-tax contributions for benefits from total monthly or yearly income.
• Deduct the federal, state and local taxes.
• The result is the net income.
Regular or Overtime weekly pay:
You can calculate regular, overtime and total weekly income using the following formulas:
• Regular weekly pay= Hourly wage × Hours worked
• Overtime weekly pay = Hourly wage × 1.5 × Overtime hours
• Total weekly pay = Regular weekly pay + Overtime weekly pay

How to use this Hourly Wage Calculator

To use this wage calculator:
• Simply put your hourly pay rate in the first field box.
• The number of regular weekly hours you work in the second box.
• If you work overtime hours regularly, Put the average amount of overtime hours you work in a week in the third box.
• Enter the number of weeks you work in a year into the fourth box.
• The calculator will tell you what your weekly gross pay is and the comparable amount of gross pay for a year.

Hourly wage from salary

How can I calculate my hourly paycheck?
If you know your annual salary it can be converted into monthly salary, weekly salary and consequently into hourly wages by the following formula:
Average monthly salary = Average Annual salary ÷ 12
Weekly salary = Average Monthly salary ÷ 4
Hourly wages = Weekly salary ÷ No. of hours worked in a week
Or
Weekly pay = Annual salary ÷ Weeks worked in a year
Hourly wage = Weekly salary ÷ Hours worked
Example for Monthly to Hourly salary:
Let’s suppose you work for 40 hours a week, if you make $4000 per month just divide it by 160 to calculate your hourly salary that is $25 per hour.

More Wage vs. Salary Info

Just to be clear on what wage is in comparison to salary, wage is a compensation based on the number of hours worked and multiplied by the rate of pay per hour. A salary is a an agreed amount of annual pay for completing tasks rather than working hours. This pay is usually paid out weekly, monthly, or bi-weekly.

When comparing a position with an employer, think about how wage may differ than salary. If you want a steady, constant paycheck that is predictable, you may want to seriously consider a salary position. Wage earners are going to be subject to some changes in predictable pay due to the amount of hours available to work. Some employers will cut hours in the midst of a recession in business, but they also may boost hours and create a situation to earn overtime if business is booming.

It's also important to keep in mind other benefits beyond just the mighty dollar. A position may also have a bonus pay program, vacation pay, sick pay, bereavement pay, health insurance, and a 401k program. These benefits can be worth quite a bit when compared in addition to the base pay.

FAQs

What is a paycheck?
• A paycheck is an amount that businesses give to their employees for work. Mostly these are bi-weekly, semi-monthly or monthly depending upon the employer preference and laws of the concerned state.
What is Hours worked?
• Hours worked is the total no. of hours you work for your employer, In USA 40 hours/Week are considered to be normal, Above 40 it is considered to be overtime hours, Wages for normal and overtime hours differ in such a way that overtime hours are compensated as 1.5 times of normal working hours in the USA.
What is Pay Period?
Pay Period is the selection in which you will be paid by your employer and that is usually:
• Weekly 52 paychecks annually.
• Fortnightly 26 Paychecks per year
• Twice a month 24 paychecks per year
• Monthly 12 paychecks per year
• Annually 1 paycheck
What is meant by Overtime hours?
• The number of hours worked above and beyond 40 hours in the USA are considered to be overtime hours
• If you worked 54 hours in a week, your overtime hours will be 14.

Disclaimer: This calculator is designed to provide the users with general knowledge of salary conversions from hourly to weekly, monthly or annually and vice versa. This webpage is not intended to give any tax or legal advice; if you have any specific concerns refer to a professional advisor.