Salary Calculator

What is the Salary Calculator?

The Salary Calculator is an instant gross-to-net income converter. Whether you're trying to figure out what an hourly wage equates to annually, or you want to know exactly how much of your annual salary actually hits your bank account each month, this tool provides an instant, side-by-side breakdown.

How to Use the Salary Calculator

1. Select your input type: Choose whether you want to start by entering an Annual, Hourly, or Monthly wage.
2. Enter the amount: Type in your base pay.
3. Adjust your schedule: Standard metrics are set to 40 hours a week for 52 weeks a year, but you can adjust this if you work part-time or take unpaid time off.
4. Enter your effective tax rate: Input your combined estimated Federal + State tax rate to see your actual net take-home pay.

How It Works: The Breakdown

The calculator standardizes all variables. If you input an annual salary of $100,000 working 40 hours a week for 52 weeks, it divides $100,000 by 2,080 total hours to find your hourly rate ($48.08/hr).

For the Net Pay (Take-Home) calculations, it simply deducts your estimated combined tax bracket percentage from your gross paycheck before breaking it down into monthly and bi-weekly segments, simulating what a W-2 employee actually sees on payday.

Real-Life Use Cases

• Job Offer Evaluation: Easily compare a job offering $35/hr against a salaried position offering $72,000 a year to see which is actually higher.
• Budgeting: Figure out your exact bi-weekly net income so you can set up accurate automatic transfers to a savings account.

Frequently Asked Questions (FAQ)