FREE ANNUAL INCOME TOOL
Annual Income Calculator
Calculate your yearly gross income from hourly, weekly, biweekly, semi-monthly, monthly, or annual pay. Add overtime, bonuses, commissions, and other extra income for a more complete estimate.
CALCULATOR
Calculate annual income
Choose how your pay is quoted, then enter your pay amount and schedule.
Gross-income estimate only. Taxes, deductions, benefits, and payroll-specific rules are not included.
HOW IT WORKS
How to calculate annual income
Annual income is the total amount you earn during a year. This calculator reports estimated gross annual income before taxes and payroll deductions.
The formula depends on how your pay is quoted. Hourly workers need their hourly wage, average weekly hours, and weeks worked per year. Weekly, biweekly, semi-monthly, and monthly pay can be converted using the number of standard pay periods in a year.
| Pay frequency | Basic annual conversion |
|---|---|
| Hourly | Rate × hours/week × weeks/year |
| Weekly | Weekly pay × weeks/year |
| Biweekly | Biweekly pay × 26 |
| Semi-monthly | Paycheck × 24 |
| Monthly | Monthly pay × 12 |
| Annual | Annual amount |
Example: $25 an hour is how much a year?
At $25 per hour, 40 hours per week, and 52 paid weeks per year, base annual income is $52,000 before taxes and deductions.
How to calculate yearly income with overtime
If you regularly work overtime, the calculator estimates an hourly overtime rate using the multiplier you enter and adds those annual overtime earnings to your base income.
Annual income with bonuses and commissions
Bonuses, commissions, and other extra earnings can materially change yearly gross income. Add annual amounts in the calculator instead of relying only on the base pay conversion.
QUICK EXAMPLES
Common annual income examples
These examples use gross income before taxes and deductions. Hourly examples assume 40 hours per week and 52 weeks per year.
How many work hours are in a year?
A common full-time baseline is 2,080 hours per year, calculated as 40 hours per week × 52 weeks. Actual annual hours may be lower for part-time schedules, unpaid time off, or fewer working weeks.
FAQ
Annual income calculator FAQ
What is annual income?
Annual income is the amount earned over a year. This calculator reports estimated gross income before taxes and deductions.
How do I calculate annual income?
The formula depends on your pay frequency. Hourly pay uses hourly wage × hours per week × weeks per year. Weekly pay is multiplied by weeks per year, biweekly pay by 26, semi-monthly pay by 24, and monthly pay by 12.
How do I calculate annual income from hourly pay?
Multiply your hourly wage by average hours worked per week and weeks worked per year. At $25 per hour, 40 hours per week, and 52 weeks, annual gross income is $52,000.
How many work hours are in a year?
A common full-time assumption is 40 hours per week for 52 weeks, or 2,080 hours. Your actual annual hours may differ.
Is biweekly pay multiplied by 26?
For a standard biweekly schedule, 26 pay periods is the usual annual conversion. Calendar timing can occasionally produce 27 paychecks.
Is semi-monthly the same as biweekly?
No. Semi-monthly generally means 24 pay periods per year, while biweekly generally means 26.
Does annual income include overtime?
It can. Enter average overtime hours and the overtime multiplier if you regularly earn overtime and want it included in the estimate.
Does annual income include bonuses and commissions?
It can. Enter annual bonus, commission, or other recurring extra income to include those amounts in the yearly gross estimate.
Does this calculate take-home pay?
No. Results are gross-income estimates before taxes, benefits, insurance, retirement contributions, and other deductions.