Find the total annual salary from hourly wage with this Hourly Wage Calculator.
Input your hourly wage, normal hours, and overtime hours, to determine salary.
To find salary from hourly wage, use these formulas:
Regular Weekly Pay = Hourly Wage x Hours Worked
Overtime Weekly Pay = Hourly Wage x 1.5 x Overtime Hours
Overtime Hours = The amount of hours worked above-and-beyond 40
hours. If you worked 55 hours in a week, your overtime hours would
Total Weekly Pay = Regular Weekly Pay + Overtime Weekly Pay
Total Salary = Weekly Pay x Work Weeks per Year
Example: If you earn $8.35 per hour, work 50 weeks a year, and
average 50 hours/week:
Regular Weekly Pay = 8.35 x 40 = $334
Overtime Weekly Pay = 8.35 x 1.5 x 10 = $125.25
Total Weekly Pay = $334 + $125.25 = $459.25
Total Salary = $459.25 x 50 = $22,962.50