Hourly Wage Calculator

convert hourly wage to salary.

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.

 

Hourly Wage: per hour

Regular Work Hours/Week:
(in US this is normally limited to 40
hours/week)

Overtime Work Hours/Week:
(in US this is the amount of hours over 40/week and pay is normally
1.5 x normal wage for overtime)

Work Weeks/Year:
(there are a total of 52 calendar weeks in the year)

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
be 15.

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

How to use this Hourly Wage Calculator

 

More Resources...

Hourly vs. Salary, Which is Better?
Hourly vs. Salary Video from Investopia
A Forbes Article on Hourly vs. Salary