Financial Calculators
Salary Calculator
Convert between hourly, daily, weekly, bi-weekly, monthly, and annual salary. See how your pay translates across different time periods.
Salary Details
$50,000.00
$
Annual Salary
$50,000.00
Based on 40 hours/week for 52 weeks
Salary Conversions
Hourly
$24.04Daily
$192.31Weekly
$961.54Bi-Weekly
$1,923.08Monthly
$4,166.67Annual
$50,000.00Overtime Rate
Regular Hourly$24.04
Overtime (1.5×)$36.06
Overtime is typically calculated at 1.5× your regular hourly rate for hours worked beyond 40 per week.
Work Hours Summary
40
Hours per Week
2,080
Hours per Year
How is Salary Calculated?
Converting between salary types uses these standard formulas based on your work schedule:
Annual Salary = Hourly Rate × Hours per Week × Weeks per Year
Example: $25/hour × 40 hours × 52 weeks = $52,000/year
Standard Assumptions
- 40 hours per week (full-time)
- 52 weeks per year
- 2,080 hours per year
Conversion Factors
- Bi-weekly = Annual ÷ 26 pay periods
- Monthly = Annual ÷ 12 months
- Daily = Hourly × Hours per day
Tips for Salary Negotiation
- 1Know your market value by researching industry salaries
- 2Consider total compensation including benefits, PTO, and bonuses
- 3Factor in taxes when comparing hourly vs salary positions
- 4Account for unpaid time off when calculating contractor rates
- 5Remember that overtime can significantly boost hourly earnings