💰 Yearly Income Calculator

Calculate your annual income based on hourly wage and working hours. Get detailed breakdown of gross and net income with tax considerations.

Income Calculator

Calculation Mode

Calculate yearly income from hourly wage Calculate hourly wage from yearly income Calculate yearly income from monthly salary

Hourly Wage

Hours per Week

Working Weeks per Year

Income Breakdown

Annual Income

Gross Annual Income: $0

Net Annual Income: $0

Monthly Income

Gross Monthly: $0

Net Monthly: $0

Weekly Income

Gross Weekly: $0

Net Weekly: $0

Daily Income

Gross Daily: $0

Net Daily: $0

How do I calculate my yearly income from hourly wage?

To calculate your yearly income, multiply your hourly wage by the number of hours you work per week, then multiply by the number of weeks you work per year. The formula is: Annual Income = Hourly Wage × Hours per Week × Weeks per Year.

What's the difference between gross and net annual income?

Gross annual income is your total earnings before taxes and deductions. Net annual income is what you actually take home after taxes, Social Security, Medicare, and other deductions are subtracted from your gross income.

How many hours per week is considered full-time?

Full-time employment is typically considered 40 hours per week in the United States. However, this can vary by employer and industry, with some considering 35-37.5 hours as full-time.

How many working weeks are in a year?

There are 52 weeks in a year, but most employees don't work all 52 weeks due to vacation time, holidays, and sick days. A typical calculation uses 50-52 working weeks per year depending on your benefits package.

What tax rate should I use for calculations?

Tax rates vary based on your income level, filing status, and location. For estimation purposes, you can use your effective tax rate from last year's tax return, or use approximate rates like 22% for middle-income earners.

Can I calculate part-time income with this calculator?

Yes, simply enter your actual hours worked per week. For example, if you work 20 hours per week, enter 20 in the hours per week field to calculate your part-time annual income.

How do overtime hours affect my annual income?

This calculator assumes regular hourly pay. If you regularly work overtime (typically paid at 1.5x your regular rate), you may need to calculate overtime separately or adjust your effective hourly rate accordingly.

Should I include bonuses and benefits in my annual income calculation?

This calculator focuses on base salary from hourly wages. Bonuses, benefits, and other compensation should be calculated separately and added to get your total compensation package.

Disclaimer: This calculator provides estimates for educational purposes only. Actual income may vary based on factors such as overtime, bonuses, benefits, and varying tax rates. Consult with a financial advisor or tax professional for personalized advice.