Salary & Paycheck Calculator

For a standard full-time employee working 40 hours per week across 52 weeks in a year, the total is 2,080 working hours. To calculate annual salary, multiply your hourly wage by 2,080. For example: $30/hour × 2,080 = $62,400 annual salary.

Bi-weekly pay occurs every two weeks (typically alternating Fridays), resulting in 26 paychecks per calendar year (including two months with three paychecks). Semi-monthly pay occurs twice per month (typically on the 15th and last day of the month), resulting in exactly 24 paychecks per year.

Under the federal Fair Labor Standards Act (FLSA), non-exempt employees must receive overtime pay for hours worked over 40 in a workweek at a rate not less than time-and-one-half (1.5x) their regular rate of pay. For example, a $20/hour wage yields an overtime rate of $30/hour.

Assuming a standard 40-hour workweek with 52 weeks in a year, there are 2,080 working hours. If you receive 2 weeks (10 days) of unpaid leave, standard working hours equal 2,000 hours per year.

This calculator computes gross earnings before mandatory deductions like Federal Income Tax (FIT), State Income Tax (SIT), Social Security (6.2%), Medicare (1.45%), and voluntary employee benefits like health insurance and 401(k) contributions.