Salary Calculator
How to Use This Calculator
- 1
Enter Salary Amount and choose Per
Enter your gross pay before taxes, then choose whether it is hourly, daily, weekly, bi-weekly, semi-monthly, monthly, quarterly, or yearly.
- 2
Set your work schedule and paid time off
Enter Hours per Week, Days per Week, Holidays per Year, and Vacation Days per Year. The calculator uses the schedule to convert pay periods and subtracts holidays and vacation days from its adjusted annual estimate.
- 3
Compare the salary results
Review Annual Salary, Adjusted Annual Salary, Hourly Rate, and Monthly Income. Adjusted Annual Salary is a workday-based estimate, not a change to your actual paid salary.
Example Calculation
An employee earns $30 per hour, works 40 hours over five days each week, and has 10 paid holidays and 15 vacation days.
Salary Amount ($)
30
Per
Hour
Hours per Week (hours)
40
Days per Week (days)
5
Holidays per Year (days)
10
Vacation Days per Year (days)
15
Results
Annual Salary
$63,360
Adjusted Annual Salary
$57,360
Hourly Rate
$30.00
Monthly Income
$5,280.00
Insights card shows the difference between the standard annual estimate and the workday-adjusted estimate.
Tips
Five additional days off reduce the adjusted estimate by $1,200
Change Vacation Days per Year from 15 to 20 while keeping the $30 hourly rate and schedule unchanged. The adjusted estimate falls by five days × eight hours × $30, while Annual Salary stays the same.
A 35-hour schedule changes the annual estimate
Change Hours per Week from 40 to 35 while leaving the hourly rate, five-day week, and time off unchanged. The calculator uses 7 hours per workday, so both annual estimates decrease with the shorter workweek.
Use the matching pay period when comparing offers
Change Per from Hour to Year and enter a quoted annual salary to see its implied hourly rate. Compare that rate with the [hourly to salary calculator](/calculators/hourly-to-salary-calculator/) when you need the reverse conversion.
What this salary calculator estimates
This calculator converts gross pay between hourly, daily, weekly, bi-weekly, semi-monthly, monthly, quarterly, and annual amounts using your work schedule. It also estimates annual pay after subtracting the entered holidays and vacation days from its modeled work year; it does not calculate taxes or actual payroll deductions.
How the salary conversion works
The calculator first converts the selected pay amount to an hourly rate. It then uses that rate to estimate pay for each period.
Hours per day = Hours per Week / Days per Week
Annual Salary = Hourly Rate × Hours per Day × 264
Adjusted Annual Salary = Hourly Rate × Hours per Day × (264 − Holidays − Vacation Days)
Monthly Income = Hourly Rate × Hours per Day × 22
The modeled year contains 264 workdays, equivalent to 52.8 five-day workweeks. The monthly estimate uses 22 workdays, and the semi-monthly estimate uses 11. These are the calculator's conversion assumptions, not a payroll calendar.
For the example, hours per day are 40 / 5 = 8. Annual Salary is $30 × 8 × 264 = $63,360. After subtracting 10 holidays and 15 vacation days, Adjusted Annual Salary is $30 × 8 × (264 − 25) = $57,360. Monthly Income is $30 × 8 × 22 = $5,280.
How time off and schedules change the estimate
The standard annual estimate uses the hourly rate and work schedule without subtracting days off. The adjusted estimate decreases by one workday's pay for each additional holiday or vacation day: hourly rate × hours per day.
| Change from the example | Annual Salary | Adjusted Annual Salary |
|---|---|---|
| 10 holidays and 15 vacation days | $63,360 | $57,360 |
| 10 holidays and 20 vacation days | $63,360 | $56,160 |
| 5 holidays and 15 vacation days | $63,360 | $58,560 |
Use the adjusted figure to compare modeled work time, not to infer that paid leave reduces an employee's contractual salary. For a comparison that includes benefits as well as pay, use the salary comparison calculator. To account for inflation between years, use the salary inflation calculator.
When to use a different calculator
- Estimate net pay after withholding and deductions → salary paycheck calculator
- Convert an hourly wage into an annual salary → hourly to salary calculator
- Compare two job offers, including benefits → salary comparison calculator
- Find the percentage change between salaries → salary increase percentage calculator
Gross pay and overtime
This calculator converts pay amounts but does not determine overtime eligibility or the legally required overtime rate. For covered, nonexempt employees, federal law generally requires overtime pay of at least one and a half times the regular rate for hours over 40 in a workweek; the U.S. Department of Labor's overtime guidance explains the rule and its exceptions.
Frequently Asked Questions
What is the difference between annual salary and adjusted annual salary?
Annual Salary is the pay-period conversion before subtracting holidays or vacation days. Adjusted Annual Salary subtracts those days from the calculator's modeled work year, so it is an estimate based on workdays rather than a prediction of the salary an employer will pay.
How does the calculator convert hourly pay to annual salary?
1. Calculate work hours per day by dividing Hours per Week by Days per Week. 2. Multiply that by the calculator's modeled 264 workdays per year. 3. Multiply the resulting annual hours by the hourly rate. The adjusted estimate first subtracts Holidays per Year and Vacation Days per Year from the 264 days.
Does the adjusted salary mean paid vacation reduces my salary?
No, it does not determine your actual payroll or whether leave is paid. It subtracts the entered days from a modeled work year to estimate pay associated with hours worked; an employer's paid-leave policy and salary agreement determine actual pay.
Does this calculator show take-home pay after taxes?
No, the results are gross-pay estimates before taxes, insurance, retirement contributions, or other deductions. Use the [salary paycheck calculator](/calculators/salary-paycheck-calculator/) to estimate paycheck deductions.