To convert an hourly wage to a yearly salary, multiply it by 2,080 — the hours in a full-time year of 40 hours × 52 weeks. $23 an hour is $47,840 a year; $27 an hour is $56,160. To turn a salary into an hourly rate, divide by 2,080: $55,000 a year is $26.44 an hour.
Calculate my hourly rate from salary
To find pay per hour, choose Salary to hourly and enter actual annual base gross pay, regular paid hours per week and paid weeks. The effective rate is annual base gross pay ÷ (regular weekly hours × paid weeks). A 55,000 salary over 40 hours and 50 paid weeks gives 27.50 per hour. If the same annual total covers 52 paid weeks, the rate is about 26.44. These are gross equivalents; salaried pay and overtime eligibility are separate questions.
When converting an hourly wage to salary, unpaid weeks reduce the annual pay estimate. In the reverse mode, unpaid weeks reduce the hours in the denominator because the salary entered is your actual annual base total. Weekly pay is multiplied by paid weeks, while a monthly salary is annualized over twelve months. Enter extra overtime only when it is not already included in the base salary. If your payslip shows a full-schedule salary before an unpaid-leave deduction, enter the reduced annual amount first. USD, GBP and EUR are display choices; they do not perform foreign-exchange conversion.
The monthly, weekly and daily outputs are annualized averages. They spread yearly pay across 12 months, 52 weeks or 260 five-day workdays, so they can differ from an individual payroll period when you take unpaid leave. Use the weekly overtime calculator to compare actual weeks and the time card calculator to total clocked hours.
How to use this calculator
- Choose the direction: hourly wage to salary, annual salary to hourly, or a monthly salary or weekly paycheck to yearly and hourly pay.
- Enter the amount — for example 23 for $23 an hour, or 55000 for $55k a year.
- Set your hours per week and weeks per year. Leave 40 and 52 for a standard full-time job.
- Open “Overtime & unpaid time off” if you regularly work extra hours or take unpaid weeks.
- Read the annual figure, then the monthly, semi-monthly, biweekly, weekly and daily breakdown.
How it's calculated
Annual pay = hourly rate × hours per week × paid weeks + overtime pay
- Hourly rate — your base pay per hour before tax.
- Hours per week — 40 is the full-time norm used here. The Fair Labor Standards Act defines overtime as hours over 40 in a workweek (DOL Fact Sheet #23).
- Paid weeks — 52 minus any unpaid weeks. Paid vacation and holidays stay in.
- Overtime pay — overtime hours × rate × 1.5 (the federal FLSA premium) or × 2 for double time, which federal law doesn't require but some states and contracts do.
The pay-period breakdown divides the annual total by 12 (monthly), 24 (semi-monthly), 26 (biweekly) and 52 (weekly). Daily pay assumes 260 working days. In the BLS's employer survey, biweekly is the most common pay period, followed by weekly, semi-monthly and monthly.
Worked examples
$23 an hour is how much a year?
$23 × 40 hours × 52 weeks = $47,840. Split into paychecks that is $3,987 a month, $1,993 semi-monthly, $1,840 biweekly and $920 a week. A day's pay is $184.
55k a year is how much an hour?
$55,000 ÷ 2,080 = $26.44 an hour. If you are a federal employee, OPM divides by 2,087 hours instead, so the same salary works out to $26.35.
$20 an hour with 5 hours of overtime a week
Base pay is $20 × 2,080 = $41,600. Five overtime hours at time and a half add $20 × 1.5 × 5 × 52 = $7,800, for $49,400 a year.
Part time: $25 an hour, 30 hours a week, 2 unpaid weeks
$25 × 30 × 50 = $37,500 a year, or $3,125 a month.
Comparing an hourly offer with a salaried one
Offer A pays $30 an hour and you expect about 45 hours a week, so 5 hours are overtime at time and a half: $30 × 2,080 + $45 × 5 × 52 = $74,100. Offer B is a $65,000 exempt salary with the same 45-hour weeks — no overtime, so its effective rate is $65,000 ÷ (45 × 52) = $27.78 an hour. On pay alone A is ahead by $9,100; if the hours drop to 40, A falls to $62,400 and B's effective rate rises to $31.25. Benefits, paid leave and how reliable the overtime is usually decide the rest.
Which hours figure to use: 2,080, 2,087 or your real hours
The answer changes by a few percent depending on the divisor, which is why two calculators can disagree:
- 2,080 (40 × 52) is the standard full-time year and the default here. Use it for most private-sector jobs and job-offer comparisons.
- 2,087 is what OPM uses to turn a federal annual salary into an hourly rate, as required by 5 U.S.C. 5504(b). It averages the 260, 261 or 262 weekdays that fall in a calendar year over a 28-year cycle, so it gives a slightly lower hourly rate ($26.35 vs $26.44 on $55,000).
- 2,000 is a mental-math shortcut. It is 80 hours short, so it overstates an hourly rate derived from a salary by 4%.
- Your real hours matter for salaried exempt jobs, where extra hours are unpaid. Enter what you actually work to see your effective rate.
Hourly to annual salary table
Gross yearly, monthly, biweekly and weekly pay for each hourly rate, assuming 40 hours a week, 52 paid weeks and no overtime. Rates run every dollar from $10 to $50, then every $5 to $150; for a rate in between, or a cents value like $19.75, type it into the calculator. Open a band to see it.
$10 to $29 an hour
| Hourly | Yearly | Monthly | Biweekly | Weekly |
|---|---|---|---|---|
| $10/hr | $20,800 | $1,733 | $800 | $400 |
| $11/hr | $22,880 | $1,907 | $880 | $440 |
| $12/hr | $24,960 | $2,080 | $960 | $480 |
| $13/hr | $27,040 | $2,253 | $1,040 | $520 |
| $14/hr | $29,120 | $2,427 | $1,120 | $560 |
| $15/hr | $31,200 | $2,600 | $1,200 | $600 |
| $16/hr | $33,280 | $2,773 | $1,280 | $640 |
| $17/hr | $35,360 | $2,947 | $1,360 | $680 |
| $18/hr | $37,440 | $3,120 | $1,440 | $720 |
| $19/hr | $39,520 | $3,293 | $1,520 | $760 |
| $20/hr | $41,600 | $3,467 | $1,600 | $800 |
| $21/hr | $43,680 | $3,640 | $1,680 | $840 |
| $22/hr | $45,760 | $3,813 | $1,760 | $880 |
| $23/hr | $47,840 | $3,987 | $1,840 | $920 |
| $24/hr | $49,920 | $4,160 | $1,920 | $960 |
| $25/hr | $52,000 | $4,333 | $2,000 | $1,000 |
| $26/hr | $54,080 | $4,507 | $2,080 | $1,040 |
| $27/hr | $56,160 | $4,680 | $2,160 | $1,080 |
| $28/hr | $58,240 | $4,853 | $2,240 | $1,120 |
| $29/hr | $60,320 | $5,027 | $2,320 | $1,160 |
$30 to $50 an hour
| Hourly | Yearly | Monthly | Biweekly | Weekly |
|---|---|---|---|---|
| $30/hr | $62,400 | $5,200 | $2,400 | $1,200 |
| $31/hr | $64,480 | $5,373 | $2,480 | $1,240 |
| $32/hr | $66,560 | $5,547 | $2,560 | $1,280 |
| $33/hr | $68,640 | $5,720 | $2,640 | $1,320 |
| $34/hr | $70,720 | $5,893 | $2,720 | $1,360 |
| $35/hr | $72,800 | $6,067 | $2,800 | $1,400 |
| $36/hr | $74,880 | $6,240 | $2,880 | $1,440 |
| $37/hr | $76,960 | $6,413 | $2,960 | $1,480 |
| $38/hr | $79,040 | $6,587 | $3,040 | $1,520 |
| $39/hr | $81,120 | $6,760 | $3,120 | $1,560 |
| $40/hr | $83,200 | $6,933 | $3,200 | $1,600 |
| $41/hr | $85,280 | $7,107 | $3,280 | $1,640 |
| $42/hr | $87,360 | $7,280 | $3,360 | $1,680 |
| $43/hr | $89,440 | $7,453 | $3,440 | $1,720 |
| $44/hr | $91,520 | $7,627 | $3,520 | $1,760 |
| $45/hr | $93,600 | $7,800 | $3,600 | $1,800 |
| $46/hr | $95,680 | $7,973 | $3,680 | $1,840 |
| $47/hr | $97,760 | $8,147 | $3,760 | $1,880 |
| $48/hr | $99,840 | $8,320 | $3,840 | $1,920 |
| $49/hr | $101,920 | $8,493 | $3,920 | $1,960 |
| $50/hr | $104,000 | $8,667 | $4,000 | $2,000 |
$55 to $150 an hour, in $5 steps
| Hourly | Yearly | Monthly | Biweekly | Weekly |
|---|---|---|---|---|
| $55/hr | $114,400 | $9,533 | $4,400 | $2,200 |
| $60/hr | $124,800 | $10,400 | $4,800 | $2,400 |
| $65/hr | $135,200 | $11,267 | $5,200 | $2,600 |
| $70/hr | $145,600 | $12,133 | $5,600 | $2,800 |
| $75/hr | $156,000 | $13,000 | $6,000 | $3,000 |
| $80/hr | $166,400 | $13,867 | $6,400 | $3,200 |
| $85/hr | $176,800 | $14,733 | $6,800 | $3,400 |
| $90/hr | $187,200 | $15,600 | $7,200 | $3,600 |
| $95/hr | $197,600 | $16,467 | $7,600 | $3,800 |
| $100/hr | $208,000 | $17,333 | $8,000 | $4,000 |
| $105/hr | $218,400 | $18,200 | $8,400 | $4,200 |
| $110/hr | $228,800 | $19,067 | $8,800 | $4,400 |
| $115/hr | $239,200 | $19,933 | $9,200 | $4,600 |
| $120/hr | $249,600 | $20,800 | $9,600 | $4,800 |
| $125/hr | $260,000 | $21,667 | $10,000 | $5,000 |
| $130/hr | $270,400 | $22,533 | $10,400 | $5,200 |
| $135/hr | $280,800 | $23,400 | $10,800 | $5,400 |
| $140/hr | $291,200 | $24,267 | $11,200 | $5,600 |
| $145/hr | $301,600 | $25,133 | $11,600 | $5,800 |
| $150/hr | $312,000 | $26,000 | $12,000 | $6,000 |
Weekly pay to yearly salary table
Weekly gross pay × 52 = yearly pay; $1,000 a week is $52,000 a year. The table assumes 52 paid weeks, and the hourly column assumes 40 hours a week.
$500–$3,000 a week (every $100)
| Weekly | Yearly | Monthly | Biweekly | Hourly (40 h) |
|---|---|---|---|---|
| $500/wk | $26,000 | $2,167 | $1,000 | $12.50 |
| $600/wk | $31,200 | $2,600 | $1,200 | $15.00 |
| $700/wk | $36,400 | $3,033 | $1,400 | $17.50 |
| $800/wk | $41,600 | $3,467 | $1,600 | $20.00 |
| $900/wk | $46,800 | $3,900 | $1,800 | $22.50 |
| $1,000/wk | $52,000 | $4,333 | $2,000 | $25.00 |
| $1,100/wk | $57,200 | $4,767 | $2,200 | $27.50 |
| $1,200/wk | $62,400 | $5,200 | $2,400 | $30.00 |
| $1,300/wk | $67,600 | $5,633 | $2,600 | $32.50 |
| $1,400/wk | $72,800 | $6,067 | $2,800 | $35.00 |
| $1,500/wk | $78,000 | $6,500 | $3,000 | $37.50 |
| $1,600/wk | $83,200 | $6,933 | $3,200 | $40.00 |
| $1,700/wk | $88,400 | $7,367 | $3,400 | $42.50 |
| $1,800/wk | $93,600 | $7,800 | $3,600 | $45.00 |
| $1,900/wk | $98,800 | $8,233 | $3,800 | $47.50 |
| $2,000/wk | $104,000 | $8,667 | $4,000 | $50.00 |
| $2,100/wk | $109,200 | $9,100 | $4,200 | $52.50 |
| $2,200/wk | $114,400 | $9,533 | $4,400 | $55.00 |
| $2,300/wk | $119,600 | $9,967 | $4,600 | $57.50 |
| $2,400/wk | $124,800 | $10,400 | $4,800 | $60.00 |
| $2,500/wk | $130,000 | $10,833 | $5,000 | $62.50 |
| $2,600/wk | $135,200 | $11,267 | $5,200 | $65.00 |
| $2,700/wk | $140,400 | $11,700 | $5,400 | $67.50 |
| $2,800/wk | $145,600 | $12,133 | $5,600 | $70.00 |
| $2,900/wk | $150,800 | $12,567 | $5,800 | $72.50 |
| $3,000/wk | $156,000 | $13,000 | $6,000 | $75.00 |
Monthly salary to yearly and hourly pay
Monthly salary × 12 = yearly salary; divide that by 2,080 for the hourly rate at 40 hours a week. The weekly column is yearly ÷ 52, not monthly ÷ 4. Pick “Monthly salary” in the calculator for other hours.
$2,000–$15,000 a month (every $500)
| Monthly | Yearly | Biweekly | Weekly | Hourly (40 h) |
|---|---|---|---|---|
| $2,000/mo | $24,000 | $923 | $462 | $11.54 |
| $2,500/mo | $30,000 | $1,154 | $577 | $14.42 |
| $3,000/mo | $36,000 | $1,385 | $692 | $17.31 |
| $3,500/mo | $42,000 | $1,615 | $808 | $20.19 |
| $4,000/mo | $48,000 | $1,846 | $923 | $23.08 |
| $4,500/mo | $54,000 | $2,077 | $1,038 | $25.96 |
| $5,000/mo | $60,000 | $2,308 | $1,154 | $28.85 |
| $5,500/mo | $66,000 | $2,538 | $1,269 | $31.73 |
| $6,000/mo | $72,000 | $2,769 | $1,385 | $34.62 |
| $6,500/mo | $78,000 | $3,000 | $1,500 | $37.50 |
| $7,000/mo | $84,000 | $3,231 | $1,615 | $40.38 |
| $7,500/mo | $90,000 | $3,462 | $1,731 | $43.27 |
| $8,000/mo | $96,000 | $3,692 | $1,846 | $46.15 |
| $8,500/mo | $102,000 | $3,923 | $1,962 | $49.04 |
| $9,000/mo | $108,000 | $4,154 | $2,077 | $51.92 |
| $9,500/mo | $114,000 | $4,385 | $2,192 | $54.81 |
| $10,000/mo | $120,000 | $4,615 | $2,308 | $57.69 |
| $10,500/mo | $126,000 | $4,846 | $2,423 | $60.58 |
| $11,000/mo | $132,000 | $5,077 | $2,538 | $63.46 |
| $11,500/mo | $138,000 | $5,308 | $2,654 | $66.35 |
| $12,000/mo | $144,000 | $5,538 | $2,769 | $69.23 |
| $12,500/mo | $150,000 | $5,769 | $2,885 | $72.12 |
| $13,000/mo | $156,000 | $6,000 | $3,000 | $75.00 |
| $13,500/mo | $162,000 | $6,231 | $3,115 | $77.88 |
| $14,000/mo | $168,000 | $6,462 | $3,231 | $80.77 |
| $14,500/mo | $174,000 | $6,692 | $3,346 | $83.65 |
| $15,000/mo | $180,000 | $6,923 | $3,462 | $86.54 |
Salary to hourly table
Annual salaries from $25,000 to $200,000 in $5,000 steps, divided by 2,080 hours (40 hours a week, 52 weeks), with the gross pay per period. Federal hourly rates divide by 2,087 instead (see above), which comes out slightly lower.
$25,000 to $200,000 a year
| Salary | Hourly | Monthly | Biweekly | Weekly |
|---|---|---|---|---|
| $25,000/yr | $12.02 | $2,083 | $962 | $481 |
| $30,000/yr | $14.42 | $2,500 | $1,154 | $577 |
| $35,000/yr | $16.83 | $2,917 | $1,346 | $673 |
| $40,000/yr | $19.23 | $3,333 | $1,538 | $769 |
| $45,000/yr | $21.63 | $3,750 | $1,731 | $865 |
| $50,000/yr | $24.04 | $4,167 | $1,923 | $962 |
| $55,000/yr | $26.44 | $4,583 | $2,115 | $1,058 |
| $60,000/yr | $28.85 | $5,000 | $2,308 | $1,154 |
| $65,000/yr | $31.25 | $5,417 | $2,500 | $1,250 |
| $70,000/yr | $33.65 | $5,833 | $2,692 | $1,346 |
| $75,000/yr | $36.06 | $6,250 | $2,885 | $1,442 |
| $80,000/yr | $38.46 | $6,667 | $3,077 | $1,538 |
| $85,000/yr | $40.87 | $7,083 | $3,269 | $1,635 |
| $90,000/yr | $43.27 | $7,500 | $3,462 | $1,731 |
| $95,000/yr | $45.67 | $7,917 | $3,654 | $1,827 |
| $100,000/yr | $48.08 | $8,333 | $3,846 | $1,923 |
| $105,000/yr | $50.48 | $8,750 | $4,038 | $2,019 |
| $110,000/yr | $52.88 | $9,167 | $4,231 | $2,115 |
| $115,000/yr | $55.29 | $9,583 | $4,423 | $2,212 |
| $120,000/yr | $57.69 | $10,000 | $4,615 | $2,308 |
| $125,000/yr | $60.10 | $10,417 | $4,808 | $2,404 |
| $130,000/yr | $62.50 | $10,833 | $5,000 | $2,500 |
| $135,000/yr | $64.90 | $11,250 | $5,192 | $2,596 |
| $140,000/yr | $67.31 | $11,667 | $5,385 | $2,692 |
| $145,000/yr | $69.71 | $12,083 | $5,577 | $2,788 |
| $150,000/yr | $72.12 | $12,500 | $5,769 | $2,885 |
| $155,000/yr | $74.52 | $12,917 | $5,962 | $2,981 |
| $160,000/yr | $76.92 | $13,333 | $6,154 | $3,077 |
| $165,000/yr | $79.33 | $13,750 | $6,346 | $3,173 |
| $170,000/yr | $81.73 | $14,167 | $6,538 | $3,269 |
| $175,000/yr | $84.13 | $14,583 | $6,731 | $3,365 |
| $180,000/yr | $86.54 | $15,000 | $6,923 | $3,462 |
| $185,000/yr | $88.94 | $15,417 | $7,115 | $3,558 |
| $190,000/yr | $91.35 | $15,833 | $7,308 | $3,654 |
| $195,000/yr | $93.75 | $16,250 | $7,500 | $3,750 |
| $200,000/yr | $96.15 | $16,667 | $7,692 | $3,846 |
How to calculate overtime pay
For non-exempt employees the FLSA requires at least 1.5 times the regular rate for every hour over 40 in a workweek (DOL Fact Sheet #23). Step by step:
- Add up the hours worked in the workweek — a fixed, recurring 168-hour period. Each week stands alone; you can't average two weeks.
- Subtract 40 to get the overtime hours.
- Find the regular rate: total pay for the week (hourly pay plus non-discretionary bonuses and shift differentials, per DOL Fact Sheet #56A) divided by total hours worked.
- Overtime pay = regular rate × 1.5 × overtime hours. Add it to straight-time pay.
Example: 45 hours at $20 an hour is $20 × 40 = $800 plus $20 × 1.5 × 5 = $150, for $950 that week. Over a year that is $49,400, versus $41,600 with no overtime. Some states add daily overtime — California, for instance, requires double time over 12 hours in a day.
Part-time yearly pay
Gross yearly pay at 20, 25 and 30 hours a week, assuming all 52 weeks are paid — many part-time jobs don't pay holidays or vacation, so subtract unpaid weeks in the calculator.
| Hourly | 20 h/week | 25 h/week | 30 h/week |
|---|---|---|---|
| $15/hr | $15,600 | $19,500 | $23,400 |
| $18/hr | $18,720 | $23,400 | $28,080 |
| $20/hr | $20,800 | $26,000 | $31,200 |
| $22/hr | $22,880 | $28,600 | $34,320 |
| $25/hr | $26,000 | $32,500 | $39,000 |
| $28/hr | $29,120 | $36,400 | $43,680 |
| $30/hr | $31,200 | $39,000 | $46,800 |
| $35/hr | $36,400 | $45,500 | $54,600 |
| $40/hr | $41,600 | $52,000 | $62,400 |
What affects the result
- Gross vs take-home. Every figure here is before federal and state income tax, Social Security, Medicare, health premiums and retirement contributions. Your paycheck will be smaller.
- Unpaid time off. If you are paid only for hours worked, two unpaid weeks cut a full-time year from 2,080 to 2,000 hours — about 4% less pay.
- Overtime. Regular overtime can add a lot. If you're a non-exempt employee, the FLSA requires 1.5× your regular rate for hours over 40 in the workweek. It doesn't require extra pay for weekends or holidays.
- A 27th paycheck. If you're paid biweekly, some years have 27 paydays instead of 26. Your annual salary doesn't change, but a year with an extra payday can hold more gross pay.
- Salaried and exempt jobs. A salary covers the job, not the hours, so working 50 hours a week lowers your effective hourly rate. Set hours per week to what you really work to see it.
Common mistakes
- Multiplying by 2,000 instead of 2,080. It's fine for a rough guess, but it understates a full-time year by 80 hours.
- Dividing a salary by 12 and calling that a biweekly paycheck. Monthly pay (÷12) and biweekly pay (÷26) are different: biweekly checks are smaller, but you get two extra of them each year.
- Comparing an hourly job with a salaried one without counting paid holidays, vacation and benefits. Two offers with the same annual figure can be worth quite different amounts.
Minimum wage and legal context
The federal minimum wage is $7.25 an hour and hasn't changed since July 24, 2009 (U.S. Department of Labor). At 2,080 hours that is $15,080 a year. Many states set higher minimums, and if you are covered by both state and federal law you are entitled to the higher of the two. Nothing in this calculator is tax, legal or employment advice; check your pay stub or employer's policy for your actual hours and overtime rules.
To total a week of shifts before converting, use the work hours calculator; the pay raise calculator shows a new salary and hourly rate, and the PTO accrual calculator shows how much leave your hours earn. Federal employees can project savings with the TSP calculator or check how long savings will last.
Frequently asked questions
$23 an hour is how much a year?
$47,840 a year at 40 hours a week for 52 weeks (2,080 hours). That is about $3,987 a month, $1,840 every two weeks and $920 a week, before taxes. Any other rate works the same way: multiply by 2,080, or use the tables below.
55k a year is how much an hour?
$55,000 ÷ 2,080 hours = $26.44 an hour. That assumes you are paid for 40 hours a week all year; if you routinely work 45 hours on a salary, your effective rate is $23.50.
How do you convert hourly to salary quickly?
Double the hourly rate and add three zeros: $25 an hour is roughly $50,000 a year. The exact figure is rate × 2,080, so $25 × 2,080 = $52,000 — the shortcut runs about 4% low. To go the other way, halve the salary in thousands: $60,000 is roughly $30 an hour (exactly $28.85).
How do I convert a monthly salary to yearly or hourly?
Multiply the monthly salary by 12, then divide by 2,080 for a full-time hourly rate. $5,000 a month is $60,000 a year, or $28.85 an hour at 40 hours a week. Don't multiply a monthly figure by 4 to get weekly pay: a month averages about 4.33 weeks.
How much is $15 an hour part time?
At 20 hours a week, $15 an hour is $15,600 a year ($1,300 a month); at 30 hours it is $23,400, and full time it is $31,200. Set hours per week to your real schedule — part-time hours often vary, so an average of recent pay stubs is more accurate than your nominal hours.
Why is my biweekly paycheck less than half my monthly salary?
Because there are 26 biweekly paychecks a year but only 24 half-months. A $60,000 salary is $2,500 semi-monthly but $2,308 biweekly. The annual total is the same; biweekly checks are smaller, and two months a year contain a third paycheck.
How do you calculate overtime pay?
Multiply your regular hourly rate by 1.5, then by the hours you worked over 40 in the workweek. At $20 an hour, 5 overtime hours pay $20 × 1.5 × 5 = $150 on top of $800 of regular pay. Under the FLSA the regular rate includes most non-discretionary bonuses and shift differentials, and overtime is counted per workweek — hours can't be averaged over two weeks.
Why do federal employees use 2,087 hours instead of 2,080?
OPM computes federal hourly pay by dividing annual basic pay by 2,087 hours, as 5 U.S.C. 5504(b) requires. It is the average number of paid hours per year over a 28-year calendar cycle, because a calendar year has 260, 261 or 262 weekdays, not always 260. $55,000 ÷ 2,087 ≈ $26.35 an hour, versus $26.44 at 2,080.
Is double time required by law?
Not under federal law. The FLSA requires time and a half for hours over 40 in a workweek and has no extra-pay requirement for weekends or holidays. Some states differ: California requires double time for hours over 12 in a day.
Does the annual salary include paid holidays and vacation?
Yes, if they are paid. The 2,080-hour year counts every weekday, including paid holidays and paid vacation. If your time off is unpaid, enter those weeks under unpaid weeks off so the calculator leaves them out.
What is the federal minimum wage per year?
The federal minimum wage is $7.25 an hour (since July 24, 2009), which is $15,080 a year at 2,080 hours. Many states set a higher minimum; if you are covered by both, you are entitled to the higher rate.
Sources & method
- U.S. Department of Labor — FLSA overtime pay (Fact Sheet #23)
- OPM — computing hourly rates of pay using the 2,087-hour divisor
- U.S. Department of Labor — overtime pay (weekends, holidays, double time)
- California DIR — overtime FAQ (double time over 12 h/day)
- U.S. Department of Labor — federal minimum wage
- U.S. Department of Labor — minimum wage (state vs federal: higher applies)
- U.S. Department of Labor — Fact Sheet #56A: regular rate of pay (bonuses, shift differentials)
- BLS — length of pay periods in the Current Employment Statistics survey
Results are estimates for general information. Found an error? It helps everyone — see our methodology.