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Convert hourly rates to annual salary with overtime, PTO, and take-home estimates.
Converting an hourly wage to an annual salary involves multiplying the hourly rate by the number of hours worked per year. The standard full-time assumption is 2,080 hours per year (52 weeks × 40 hours). Adjustments for overtime, paid time off, and holidays affect the true annual equivalent.
Annual Salary
Based on 40 hours/week, 52 weeks/year
| Hourly | Annual | Monthly | Biweekly |
|---|---|---|---|
| $15 | $31,200 | $2,600 | $1,200 |
| $18 | $37,440 | $3,120 | $1,440 |
| $20 | $41,600 | $3,467 | $1,600 |
| $25 | $52,000 | $4,333 | $2,000 |
| $30 | $62,400 | $5,200 | $2,400 |
| $35 | $72,800 | $6,067 | $2,800 |
| $40 | $83,200 | $6,933 | $3,200 |
| $50 | $104,000 | $8,667 | $4,000 |
| $75 | $156,000 | $13,000 | $6,000 |
Formula
Annual Salary = Hourly Rate × Hours Per Week × Weeks Worked Per YearHourly Rate = Your base pay per hour worked
Hours Per Week = Number of regular hours worked each week (typically 40)
Weeks Worked Per Year = Total weeks worked annually (52 for full-year employment)
Worked Example
$28/hour full-time worker
Did you know? The U.S. federal minimum wage has been $7.25 per hour since July 2009 — the longest period without an increase in the law's 85-year history (source: U.S. Department of Labor, Wage and Hour Division).
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