Gross pay conversion
Hourly pay to annual salary, with the weeks visible
A $30 hourly rate is not automatically $62,400 a year. That result assumes 40 paid hours for all 52 weeks.
Not included: overtime premiums, unpaid time beyond your paid-weeks input, bonus, commission, tax, benefits and employer cost.
Hourly conversionNo tax calculation
On this page
Worked example
$62,400.00 a year
$30.00 × 40.00 hours × 52.00 paid weeks
Weekly$1,200.00
Biweekly$2,400.00
Semimonthly$2,600.00
Monthly$5,200.00
Not take-home pay
This conversion includes no overtime premium, bonus, commission, tax or deduction.
The formula
annual gross = hourly rate × paid hours per week × paid weeks per year
Biweekly gross is two times weekly gross. Semimonthly gross is annual gross divided by 24. Those periods are not interchangeable: biweekly normally means 26 paychecks, while semimonthly means 24.
Common questions
Quick answers
How does the formula?
Biweekly gross is two times weekly gross. Semimonthly gross is annual gross divided by 24. Those periods are not interchangeable: biweekly normally means 26 paychecks, while semimonthly means 24.