acalculator

What is my annual income?

Enter your pay and how often you get it to see your gross income for the year. Add unpaid weeks off, or a bonus or tips, to make it match your year.

Your numbers

Paid vacation and holidays count as paid weeks.
Optional. Tips, bonus, commission, side work.
Gross income per year
$52,000.00

Pay of $25.00 per hour comes to a gross income of $52,000.00 a year, or $4,333.33 a month.

Gross income per month
$4,333.33
Every two weeks
$2,000.00
Per week
$1,000.00
From your pay
$52,000.00
Other income per year
$0.00

Gross income per year: $52,000.00. Pay of $25.00 per hour comes to a gross income of $52,000.00 a year, or $4,333.33 a month.

The results are estimates for information only. They are not financial, tax, or legal advice. Check the numbers with your lender or a qualified professional before you decide. Terms of use

How to calculate

Computes gross yearly income from pay per hour, day, week, two weeks, half month, month or year, the paid weeks a year, and other income.

Example with the default inputs (Your pay $25.00, Paid per hour, Hours a week 40, Paid weeks a year 52, Other income $0.00): Pay of $25.00 per hour comes to a gross income of $52,000.00 a year, or $4,333.33 a month.

Method: yearly income = pay × times paid a year + other income a year, where hourly pay is paid hours a week × weeks, daily pay days a week × weeks, weekly pay weeks, two-weekly pay weeks ÷ 2, twice-monthly pay 24, monthly pay 12 and yearly pay 1 time; monthly income = yearly ÷ 12.

  • Income is gross: before income tax, Social Security and Medicare tax, and other deductions.
  • A year has 52 weeks. Unpaid weeks off lower the paid weeks for hourly, daily, weekly and two-weekly pay; monthly, twice-monthly and yearly pay do not depend on weeks.
  • Every paid hour earns the same rate: overtime at a higher rate is not included unless you add it to other income.
  • Other income is added as entered, per month or per year.

Machine-readable copies: Markdown, JSON.

Worked examples

Each example is checked against the calculator on every build.

  1. Your pay $22.50, Paid per hour, Hours a week 35, Paid weeks a year 50, Other income $900.00 gives From your pay $39,375.00, Gross income per year $40,275.00, Gross income per month $3,356.25.Source: hand calculation in content.mdx: 22.5 × 35 × 50 = 39,375; + 900 = 40,275
  2. Your pay $1,800.00, Paid every two weeks, Paid weeks a year 52 gives Gross income per year $46,800.00, Gross income per month $3,900.00.Source: hand calculation in content.mdx: 1,800 × 26 = 46,800
  3. Your pay $4,200.00, Paid twice a month gives Gross income per year $100,800.00, Gross income per month $8,400.00.Source: hand calculation in content.mdx: 4,200 × 24 = 100,800 (29 CFR 778.113(b): 24 half-month periods a year)
  4. Your pay $4,000.00, Paid per month gives Gross income per year $48,000.00, Gross income per month $4,000.00.Source: hand calculation in content.mdx: 4,000 × 12 = 48,000 (paid weeks do not change monthly pay)
  5. Your pay $180.00, Paid per day, Days a week 4, Paid weeks a year 48 gives Gross income per year $34,560.00, Per week $664.62.Source: hand calculation in content.mdx: 180 × 4 × 48 = 34,560; ÷ 52 = 664.62

How annual income is worked out

yearly income = pay × times paid a year + other income a year

Times paid a year:

  • per hour: hours a week × paid weeks

  • per day: days a week × paid weeks

  • per week: paid weeks

  • every two weeks: paid weeks ÷ 2 (26 for 52 weeks)

  • twice a month: 24

  • per month: 12

  • per year: 1

  • Paid weeks is 52, less any unpaid weeks off. Paid vacation and holidays stay in.

  • Other income (tips, a bonus, commission, side work) is added per year. If you enter it per month, it is multiplied by 12.

  • The calculator also shows the year spread evenly: per month = yearly ÷ 12, every two weeks = yearly ÷ 26, per week = yearly ÷ 52.

Assumptions

  • All amounts are gross: before tax and deductions.
  • Every paid hour earns the same rate. Add overtime or a bonus as other income.
  • Twice-monthly, monthly and yearly pay do not change with the weeks you work.

Worked examples by hand

$22.50 an hour, 35 hours a week, 50 paid weeks, $900 bonus. Pay = 22.5 × 35 × 50 = $39,375. Yearly income = 39,375 + 900 = $40,275. Per month = 40,275 ÷ 12 = $3,356.25.

$1,800 every two weeks, 52 paid weeks. Times paid = 52 ÷ 2 = 26. Yearly = 1,800 × 26 = $46,800. Per month = $3,900.

$4,200 twice a month. Yearly = 4,200 × 24 = $100,800. Per month = $8,400.

$4,000 a month. Yearly = 4,000 × 12 = $48,000, whatever the paid weeks.

$180 a day, 4 days a week, 48 paid weeks. Yearly = 180 × 4 × 48 = $34,560. Spread over 52 weeks that is 34,560 ÷ 52 = $664.62 a week.

Other questions people ask

How do I calculate my annual income?

Multiply your pay by how many times you get it in a year, then add any other income. Hourly pay: rate × hours a week × paid weeks. Every two weeks: × 26. Twice a month: × 24. Monthly: × 12. For example, $22.50 an hour for 35 hours a week over 50 paid weeks is 22.5 × 35 × 50 = $39,375.

Is annual income before or after tax?

This calculator gives gross income, before tax. Gross income is what forms, loan applications and job offers usually ask for. Take-home pay is lower, after income tax, Social Security and Medicare tax, and other deductions.

What counts as other income?

Money you receive besides your regular pay: tips, bonuses, commissions, side work, rent received, or interest. Federal tax law defines gross income as all income from whatever source, including these (26 U.S.C. 61).

How do I handle unpaid time off?

Lower the paid weeks a year by the weeks you are not paid. Paid vacation and paid holidays stay in, because you are paid for them.

What is $1,800 every two weeks a year?

There are 26 two-week pay periods in a 52-week year, so $1,800 every two weeks is 1,800 × 26 = $46,800 a year, or $3,900 a month.

Why do biweekly and twice-a-month pay give different totals?

Biweekly pay comes 26 times a year and twice-a-month pay comes 24 times. $2,000 biweekly is $52,000 a year; $2,000 twice a month is $48,000.