Salary converter
Hourly to yearly and back, for the hours you work.
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Example
$24 an hour or $48,000 a year? Comparing two job offers
Two offers for the same supervisor job: one pays $24 an hour for 40 hours a week, the other a $48,000 salary. Enter each with Hours a week 40, Days a week 5 and Weeks paid a year 52; no dollar sign is needed, as the converter works in whatever currency you type.
- Offer 1: Amount 24, Per Hour: 24.00 × 40 h × 52 weeks = 49,920 a year, 4,160 a month, 960 a week.
- Offer 2: Amount 48000, Per Year: 48,000 ÷ 52 weeks = 923.08 a week, ÷ 40 h = 23.08 an hour, and 4,000 a month.
- If the hourly job pays nothing for two weeks off, set Weeks paid a year to 50: 24.00 × 40 h × 50 weeks = 48,000, the same as the salary.
| Hourly | Weekly (40 h) | Monthly | Yearly (52 weeks) |
|---|---|---|---|
| 15.00 | 600 | 2,600 | 31,200 |
| 20.00 | 800 | 3,466.67 | 41,600 |
| 23.08 | 923.08 | 4,000 | 48,000 |
| 24.00 | 960 | 4,160 | 49,920 |
| 25.00 | 1,000 | 4,333.33 | 52,000 |
| 30.00 | 1,200 | 5,200 | 62,400 |
With paid vacation, $24 an hour is $1,920 a year more than the $48,000 salary; with two unpaid weeks the offers are equal. A quick rule from the table: hourly × 2,080 = yearly at 40 hours and 52 weeks. All figures are gross, before tax.
How it works
- Enter an amount and whether it is per hour, day, week, month or year.
- Set the hours a week (40 by default), the days a week and the weeks paid a year (52, fewer with unpaid leave).
- Read the same pay per hour, day, week, month and year, with the sums shown.
Frequently asked questions
- How is hourly pay turned into a salary?
- Hourly × hours a week × weeks a year: 20 × 40 × 52 = 41,600 a year, which is 3,466.67 a month, 800 a week and 160 a day.
- Why isn’t a month four weeks?
- A year has 52 weeks, so a month is 52 ÷ 12 = 4.33 weeks. Multiplying weekly pay by 4 understates the monthly figure by about 8 %.
- Is tax taken off?
- No — these are gross amounts, before tax and social contributions, in whatever currency you enter.
- What about part time or unpaid leave?
- Set the real hours a week, and lower the weeks paid a year for unpaid holidays: 48 weeks instead of 52, for example.
- How much is $20 an hour a year?
- 41,600 at 40 hours a week and 52 paid weeks (20 × 40 × 52), which is 3,466.67 a month. At 37.5 hours a week, a common full-time week in the UK, it is 39,000 a year and 3,250 a month.
- What hourly rate is a $48,000 salary?
- 23.08 an hour at 40 hours a week (48,000 ÷ 52 ÷ 40), or 24.62 at 37.5 hours. Either way it is 4,000 a month.
- Is anything saved?
- No. It is worked out in your browser.
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