Convert hourly pay, daily wages, and monthly earnings into total annual gross and net income.
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For full-time employment (40 hours per week, 52 weeks per year), multiply your hourly rate by 2,080 hours. For example, $35/hr × 2,080 = $72,800 annual gross income.
Bi-weekly pay occurs every two weeks, resulting in 26 paychecks per year (two months have three paychecks). Semi-monthly pay occurs twice per month (typically on the 15th and last day), resulting in 24 paychecks per year.
Standard overtime is compensated at 1.5× the base hourly rate for hours worked beyond 40 per week. 5 hours of weekly overtime at $40/hr base adds 5 × ($40 × 1.5) = $300/week or ~$15,600/year to gross income.
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