How to Use This Tool
Enter your regular hourly wage in the first input field. Adjust regular and overtime hours per week to match your typical schedule.
Select your overtime pay multiplier: 1.5x is standard for most U.S. jobs, while 2.0x applies to double time scenarios.
Set weeks worked per year to account for unpaid leave or seasonal work gaps. Choose your primary pay frequency for a tailored earnings estimate.
Click "Calculate Salary" to view your gross earnings breakdown. Use the "Reset Form" button to clear all inputs and start over.
Use the "Copy Results" button to save your earnings summary to your clipboard for budgeting or loan application purposes.
Formula and Logic
Gross weekly earnings are calculated by adding regular weekly pay (hourly wage × regular hours per week) and overtime weekly pay (hourly wage × overtime multiplier × overtime hours per week).
Annual gross earnings equal gross weekly earnings multiplied by weeks worked per year. All other timeframes are derived from annual earnings:
- Monthly: Annual earnings ÷ 12
- Bi-Weekly: Annual earnings ÷ 26 (26 bi-weekly pay periods in a year)
- Semi-Monthly: Annual earnings ÷ 24 (24 semi-monthly pay periods in a year)
- Weekly: Annual earnings ÷ 52
Total hours per year are calculated as (regular hours + overtime hours per week) × weeks worked per year.
Practical Notes
All results show gross earnings before taxes, insurance deductions, or retirement contributions. Net (take-home) pay will be lower depending on your tax filing status, state of residence, and benefit elections.
If you receive paid time off (PTO), include those hours in your regular hours per week even if you do not work them, as PTO is typically paid at your regular rate.
For loan applications, lenders often use gross monthly income to calculate debt-to-income ratios. Use the gross monthly earnings figure from this tool for those calculations.
Overtime multipliers are legally required to be at least 1.5x for non-exempt employees in the U.S. under the Fair Labor Standards Act (FLSA). Check your employment contract for specific overtime terms.
Why This Tool Is Useful
Job seekers can use this tool to compare hourly job offers to salaried positions by standardizing earnings to a consistent annual or monthly figure.
Freelancers and gig workers with variable hourly rates can estimate their annual income to set accurate budgeting and savings goals.
Loan applicants can generate verified income figures for mortgage or auto loan applications, avoiding manual calculation errors.
Financial planners can quickly model different work schedule scenarios to help clients optimize their earnings or plan for time off.
Frequently Asked Questions
Does this tool account for taxes or deductions?
No, all results reflect gross earnings before any payroll deductions. To estimate net take-home pay, subtract estimated federal, state, and local taxes, plus any insurance or retirement contributions from the gross figures provided.
How do I account for unpaid leave in my calculations?
Reduce the "Weeks Worked Per Year" input to reflect the number of weeks you will not receive pay. For example, 2 weeks of unpaid leave would set this field to 50.
Can I use this tool for tipped hourly wages?
Yes, enter your base hourly wage plus average tip earnings per hour as your total hourly wage to get an accurate earnings estimate. For example, $10 base + $15 tips = $25 total hourly wage.
Additional Guidance
Revisit this tool quarterly to adjust for pay raises, changes in overtime hours, or shifts in your work schedule. Regular updates ensure your budget projections stay accurate.
Pair these earnings figures with a personal budget calculator to allocate funds to savings, debt repayment, and discretionary spending. Aim to save at least 20% of gross earnings for long-term financial stability.
If you are negotiating a job offer, use the annual earnings figure to compare benefits packages, as some employers offer higher matching retirement contributions or more PTO in lieu of higher hourly pay.