Pay frequency multipliers
| Paid | Paychecks per year | Annual income = |
|---|
| Weekly | 52 | Paycheck × 52 |
| Biweekly | 26 | Paycheck × 26 |
| Semimonthly | 24 | Paycheck × 24 |
| Monthly | 12 | Paycheck × 12 |
| Hourly | – | Rate × hours/week × weeks |
Example
$25 an hour for 40 hours a week, 52 weeks a year: 25 × 40 × 52 = $52,000 a year, about $4,333 a month or $2,000 every two weeks. With 5 overtime hours a week at time and a half, it rises to $61,750.
Gross vs take-home pay
The figures here are before tax. Federal income tax, Social Security (6.2%), Medicare (1.45%), any state and local tax, plus health insurance and 401(k) deductions all come out of each paycheck. Take-home pay is often 70% to 80% of gross, depending on where you live and your deductions.
Converting a salary offer to an hourly rate? Use the salary to hourly calculator. For overtime details, try the overtime calculator.
Last reviewed October 2026.
Frequently asked questions
How do I calculate my annual income?
Multiply your pay by how often you receive it in a year. Hourly: rate × hours per week × weeks worked. Weekly: × 52. Biweekly: × 26. Semimonthly: × 24. Monthly: × 12.
What is the difference between biweekly and semimonthly?
Biweekly pay comes every two weeks, which is 26 paychecks a year (occasionally 27). Semimonthly pay comes twice a month, usually on the 15th and last day, which is 24 paychecks. Biweekly checks are slightly smaller but there are two more of them.
Is this gross or net income?
This calculator shows gross income, before taxes and deductions. Your take-home pay will be lower after federal and state income tax, Social Security, Medicare and any benefits or retirement contributions.
How many working hours are in a year?
A full-time schedule of 40 hours a week for 52 weeks is 2,080 hours. Many people use 2,080 to convert between hourly and salary. If you take unpaid time off, reduce the weeks worked.
Should I include overtime and bonuses?
Add regular overtime hours and expected bonuses to get a fuller picture of yearly earnings. Lenders often only count overtime and bonuses with a two-year history.