How to Convert Your Hourly Wage to an Annual Salary
This is an estimation of your salary - you may have to add to subtract depending on unpaid days off, additional work hours and tax and other deductions. Follow these easy steps to calculate your annual salary.
- Difficulty:
- Easy
Instructions
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1
Multiply your hourly wage by the number of hours you work in a day. This is your daily wage.
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2
Multiply the daily wage by the number of days you work in a week. This is your weekly salary.
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3
Multiply your weekly salary by 2 to obtain your bi-weekly salary.
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4
Multiply your bi-weekly salary by 2 again to calculate your monthly salary.
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5
Multiply your monthly salary by 12 to calculate your annual salary.
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1
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Comments
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this is a wey i got my buget to work
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finwiz
Mar 11, 2010
These instructions are wrong. Step 5 should require multiplying monthly salary by 13 (not 12) to arrive at the equivalent annual salary. On a weekly schedule, 4 of the 12 months have a 5th pay week. In 2010, those 4 months are January, May, July, and October. -
franklin1777
Nov 23, 2008
You could just go for a rough calculation of ((hourly rate * (number of hours worked in a week / 7))X 365) or use one of the online calculators like salaryconverter.co.uk
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franklin1777
Nov 23, 2008
You could just go for a rough calculation of ((hourly rate * (number of hours worked in a week / 7))X 365) or use one of the online calculators like salaryconverter.co.uk
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Aug 08, 2006
If your employer grants you all legal holidays, two personal days, and a one week vacation (i.e. government employees) that is approximately 21 days a year or one month that a salaried person is paid and does not work. The formula does not work to properly calculate part-time hourly/hourly to salary.
