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Finance Calc Kit
Paycheck

Rate of Pay Calculator

Calculate and convert your pay rate across hourly, daily, weekly, bi-weekly, monthly, and annual periods with overtime calculations.

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Convert your rate of pay across pay periods

Your rate of pay can be expressed as an hourly wage, daily rate, weekly paycheck, biweekly amount, monthly salary, or annual compensation. This calculator normalizes any starting figure into all standard frequencies and adds optional overtime at a configurable multiplier.

For bidirectional hourly-to-salary conversion with pay frequency presets, try the hourly wage calculator. To focus on biweekly gross pay and three-paycheck months, use the biweekly pay calculator.

Rate of pay conversion formulas

Annual base=Hourly rate×Hours/week×Weeks/year\text{Annual base} = \text{Hourly rate} \times \text{Hours/week} \times \text{Weeks/year}
Annual overtime=OT hours/week×(Hourly base×Multiplier)×Weeks/year\text{Annual overtime} = \text{OT hours/week} \times (\text{Hourly base} \times \text{Multiplier}) \times \text{Weeks/year}
Monthly pay=Total annual compensation12\text{Monthly pay} = \frac{\text{Total annual compensation}}{12}

Worked example

At $25 per hour, 40 hours per week, and 52 weeks per year, annual base pay is $52,000. With no overtime, monthly earnings are $4,333.33, weekly pay is $1,000, and biweekly pay is $2,000.

Frequently asked questions

What is the difference between base hourly and effective hourly rate?
Base hourly rate comes from regular hours only. Effective hourly rate spreads total annual compensation (including overtime) across all paid hours, regular plus overtime.
How many weeks per year should I use?
52 is standard for full-time U.S. employees. Use fewer weeks if you have unpaid time off built into your contract.
Does this include taxes?
No. All figures are gross pay before federal, state, and FICA withholding.
How is biweekly pay calculated from annual salary?
Divide total annual compensation by 26, because 52 weeks per year equals 26 biweekly pay periods.
Can I start from a monthly salary?
Yes. Select monthly as the pay period and enter your monthly amount. The tool annualizes it as monthly pay times 12, then converts to all other frequencies.

Resources and references

The formulas and methods in this calculator were checked against these independent sources.