Salary Calculator

Annual salary = Hourly rate × Hours per week × Weeks worked per year. Standard assumption: 40 hours/week × 52 weeks = 2,080 hours/year. Example: $25/hour × 2,080 = $52,000/year. If you have 2 weeks vacation: 40 × 50 = 2,000 hours/year → $50,000. For overtime: include overtime hours × 1.5× rate. Rule of thumb: multiply hourly rate by 2,000 for quick estimate (50 weeks at 40 hrs = $25 → $50k). For exact calculation: account for actual paid hours including holidays and PTO.

Gross salary: total compensation before deductions. Net salary (take-home pay): what you actually receive after all deductions. Typical deductions in the US: Federal income tax (10–37% depending on bracket). State income tax (0–13.3% depending on state). FICA: Social Security (6.2% up to $168,600 in 2024), Medicare (1.45% + 0.9% above $200k). Health insurance premiums. 401k contributions (pre-tax or Roth). HSA contributions. Life insurance. A single person earning $60,000 gross might take home $45,000–$50,000 net depending on location and deductions.

Weekly: 52 paychecks/year (common in construction, manufacturing). Bi-weekly: 26 paychecks/year — most common in US. Semi-monthly: 24 paychecks/year (1st and 15th of each month). Monthly: 12 paychecks/year (common in some professional settings). For bi-weekly pay: some months have 3 paychecks, which feels like "extra" money. Annual salary ÷ 26 = bi-weekly gross pay. Annual salary ÷ 24 = semi-monthly gross pay. Important: if paid bi-weekly, budget based on 2 paychecks/month (the 2 extra per year are bonuses for savings or debt payoff).

$50/hour = $2,000/week (40 hrs) = $8,667/month = $104,000/year (2,080 hours). Quick estimates for common hourly rates: $15/hr = $31,200/yr. $20/hr = $41,600/yr. $25/hr = $52,000/yr. $30/hr = $62,400/yr. $40/hr = $83,200/yr. $50/hr = $104,000/yr. $75/hr = $156,000/yr. $100/hr = $208,000/yr. Contractor vs employee: contractors generally need 30–40% higher hourly rate to compensate for self-employment tax (15.3%), no benefits, and irregular work.

Total compensation includes: Base salary + Bonus (5–20% of salary for many jobs, up to 100%+ for finance/sales). Equity/stock options (RSUs, options — can be worth more than salary at tech companies). Benefits: health insurance ($5,000–$20,000+/year employer contribution), 401k matching (3–6% of salary), dental, vision, life insurance. PTO value: 15 days PTO × daily rate. Remote work savings: $5,000–$10,000/year in commute costs. When comparing job offers, always compare total compensation, not just base salary. LinkedIn and Levels.fyi track total comp by company and role.