Salary Calculator

Salary can be expressed in different pay periods, which can make it hard to compare job offers or budget effectively. This calculator converts between all common pay periods:

• Annual: Your total yearly pay before taxes.
• Monthly: Annual salary divided by 12.
• Biweekly: Annual salary divided by 26 (every two weeks).
• Weekly: Annual salary divided by 52.
• Hourly: Annual salary divided by (hours per week × 52).

Note: Biweekly pay results in 26 paychecks per year, not 24. This means two months per year you receive three paychecks instead of two — a useful budgeting detail many people overlook.

Your effective tax rate depends on your income, filing status, state, and deductions. Here are rough guidelines for US workers:

• $30,000-$50,000: 15-20% effective rate
• $50,000-$80,000: 20-25% effective rate
• $80,000-$120,000: 25-30% effective rate
• $120,000-$200,000: 28-33% effective rate
• $200,000+: 30-37% effective rate

These include federal income tax, Social Security (6.2%), Medicare (1.45%), and a rough estimate for state taxes. Actual rates vary significantly by state — Texas and Florida have no state income tax, while California can add 10%+ for high earners.

Salaried employees typically receive benefits (health insurance, retirement plans, paid time off) that add 20-30% to the value of their compensation. An hourly worker earning $30/hour ($62,400/year) may actually earn less than a salaried employee at $55,000 who receives $15,000 in benefits.

However, hourly employees are entitled to overtime pay (1.5x rate) for hours over 40/week under the FLSA, while many salaried employees are "exempt" from overtime. If you regularly work 50+ hours, hourly pay with overtime can exceed an equivalent salary.