Should I use 50 or 52 weeks?

50 weeks for an apples-to-apples comparison with a salaried role (which includes paid vacation). 52 weeks if you're a contractor and unpaid time off counts as lost income.

Does this account for taxes?

No — it's gross-only. For take-home pay after taxes, use the Take-Home Pay Calculator and feed it the annual salary number from here.

How does the overtime calculation work?

Hours up to the threshold are paid at the base rate; hours above are paid at base × multiplier. Example: $25/hr × 45 hrs/wk @ 1.5× = (40 × $25) + (5 × $25 × 1.5) = $1,000 + $187.50 = $1,187.50/wk. US FLSA requires this for non-exempt workers. Salaried-exempt employees generally aren't entitled to OT.

Want to go the other way — annual to hourly?

Use the companion Salary to Hourly Calculator — given an annual figure and your typical hours, it returns the implied hourly rate.

Should I use 50 or 52 weeks?

50 weeks for an apples-to-apples comparison with a salaried role (which includes paid vacation). 52 weeks if you're a contractor and unpaid time off counts as lost income.

Does this account for taxes?

No — it's gross-only. For take-home pay after taxes, use the Take-Home Pay Calculator and feed it the annual salary number from here.

How does the overtime calculation work?

Hours up to the threshold are paid at the base rate; hours above are paid at base × multiplier. Example: $25/hr × 45 hrs/wk @ 1.5× = (40 × $25) + (5 × $25 × 1.5) = $1,000 + $187.50 = $1,187.50/wk. US FLSA requires this for non-exempt workers. Salaried-exempt employees generally aren't entitled to OT.

Want to go the other way — annual to hourly?

Use the companion Salary to Hourly Calculator — given an annual figure and your typical hours, it returns the implied hourly rate.

Hourly to Salary Calculator

Convert an hourly wage to annual, monthly, and weekly salary equivalents — with optional overtime.

Result

Annual salary

$70,000.00

Monthly salary$5,833.33
Weekly pay$1,400.00
Daily pay (5-day week)$280.00
Total hours/year2,000 hours
Per-day equivalent (8 hrs)$280.00

$35.00/hr × 40h/wk × 50wk

$70,000.00

At 52 weeks (no PTO)

Apples-to-apples for contractors who don't take paid time off.

$72,800.00

At 50 weeks (2-wk PTO)

Standard W-2 comparison — built-in vacation assumption.

$70,000.00

Quick rule: salary ÷ 2000

50 weeks × 40 hours = 2000 — back-of-envelope check.

$35.00/hr equivalent

Source: BLS OEWS (annual = hourly × usual weekly hours × weeks worked); US FLSA 29 CFR 778 — overtime owed at ≥ 1.5× for non-exempt hours worked over 40/wk.

Note — Gross only — does not subtract taxes, FICA, health-insurance premiums, retirement contributions, or differences between W-2 (employer pays half FICA + benefits) and 1099 (self-employed, owes full SE tax). Overtime eligibility depends on FLSA exempt vs non-exempt status; salaried-exempt employees generally do not earn OT.

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How to use this calculator

Enter your hourly rate.
Set typical hours per week (40 for full-time, or 45-50 if you regularly work overtime).
Adjust working weeks/year — 50 is realistic with 2 weeks PTO.
Leave overtime threshold at 40 and multiplier at 1.5 for US FLSA non-exempt defaults; raise multiplier to 2.0 for holiday/double-time scenarios.

About this tool

A handy converter for negotiating between an hourly contractor rate and a salaried W-2 offer. Input your hourly rate, weekly hours, and how many weeks you actually work in a year (50 if you take ~2 weeks vacation, 52 if you don't). If your weekly hours exceed the overtime threshold (US FLSA default: 40), the hours above the threshold are paid at the overtime multiplier (default 1.5×) — so the annual figure reflects the OT premium, not just straight-time. The calculator gives you the annual, monthly, weekly, and daily equivalents instantly. Useful when comparing job offers in different formats, or when figuring out what to charge as a freelancer to match a target salary.

Frequently asked

A simple shortcut: divide annual salary by 2,000 (= 50 weeks × 40 hours). $80,000 salary ≈ $40/hour. If you bill less hours per week, raise the rate proportionally.

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