Salary Calculator
Convert between hourly, weekly, monthly, and annual salary. Factor in work hours and weeks per year.
Understanding Salary Conversions
Converting between pay periods is straightforward once you know the standard assumptions:
- Annual to Monthly: Divide by 12
- Annual to Weekly: Divide by 52
- Annual to Hourly: Divide by 2,080 (40 hours × 52 weeks)
- Hourly to Annual: Multiply by 2,080
These calculations assume full-time employment (40 hours/week, 52 weeks/year). Actual take-home pay will differ due to taxes, benefits, and other deductions.
Gross vs Net Salary
Your gross salary is your total compensation before any deductions. Your net salary (take-home pay) is what you actually receive after deductions including income tax, social security, health insurance, and retirement contributions. Depending on your country and tax bracket, your net pay may be 60-80% of your gross salary.
Frequently Asked Questions
How many working hours in a year?
A standard work year has 2,080 hours (40 hours × 52 weeks). After subtracting typical holidays and vacation (about 15-25 days), the actual working hours are roughly 1,880-1,960.
How do I negotiate a higher salary?
Research market rates for your role, document your achievements, and practice your pitch. Timing matters — ask during performance reviews or after completing a major project.
What percentage of my salary should I save?
The 50/30/20 rule suggests: 50% for needs, 30% for wants, and 20% for savings and debt repayment. Aim to save at least 3-6 months of expenses as an emergency fund.