How it's calculated
Annual = hourly rate × hours per week × weeks per year
default 40 h/week × 52 weeks. Monthly = Annual ÷ 12, biweekly = Annual ÷ 26, weekly = Annual ÷ weeks. Reverse: hourly = Annual ÷ (h/wk × wk/yr).
Worked examples
| Hourly | Annual (2,080 h) | Note |
|---|---|---|
| $15 | $31,200 | minimum-wage range |
| $25 | $52,000 | mid-range |
| $40 | $83,200 | skilled trades |
| $60 | $124,800 | senior professional |
Common questions
Where does 2,080 hours come from?
It is 40 hours a week times 52 weeks, the standard full-time year used by the US Bureau of Labor Statistics.
Does this account for unpaid time off?
You can lower the weeks per year or hours per week to reflect unpaid leave, which reduces the annual figure.