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
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.
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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