Annual Income Calculator
This is gross income before income tax, FICA and benefit deductions.
How the annual income calculation works
Hourly pay × hours × weeks
$28 an hour × 40 hours × 52 weeks is $58,240 a year.
Paychecks × the number of pay periods
Biweekly pay × 26, semi-monthly × 24, monthly × 12. A $2,000 biweekly check is $52,000 a year.
Add other income for the year
Bonuses, commission and tips count toward gross annual income. A $3,000 bonus on $58,240 makes $61,240.
Divide back down to compare offers
The calculator also shows the same income per month, per paycheck and per paid hour.
Worked example. At $28 an hour for 40 hours a week and 52 paid weeks, annual income is $58,240. That is $4,853.33 a month, $2,240 per biweekly paycheck and $1,120 a week.
Annual Income FAQ
How do I calculate my annual income?
Multiply your pay by the number of pay periods in a year. For hourly pay that is rate × hours per week × 52; for a biweekly paycheck it is × 26.
Is annual income gross or net?
Usually gross: what you earn before taxes and deductions. Lenders, landlords and benefit forms almost always ask for gross annual income.
What is $25 an hour annually?
$52,000 a year at 40 hours a week for 52 weeks. At 50 paid weeks it is $50,000.
How do I work out annual income from monthly pay?
Multiply the gross monthly amount by 12. $4,500 a month is $54,000 a year. For pay twice a month, multiply each paycheck by 24: $2,250 twice a month is also $54,000.
How do I convert biweekly pay to annual income?
Multiply the biweekly gross amount by 26. $1,800 every two weeks is $46,800 a year.
Does annual income include bonuses and overtime?
Yes, total annual income includes bonuses, commission, tips and overtime. Add them in the other income field for a full-year figure.