Money
Paycheck Calculator
Convert an hourly wage or annual salary into useful weekly, monthly and yearly gross-pay estimates.
Estimated annual gross pay
$52,000.00
- Monthly
- $4,333.33
- Weekly
- $1,000.00
CalculateWise provides estimates for informational purposes only and is not financial, tax, legal, lending or investment advice.
How to use the Paycheck Calculator
- Select hourly wage or annual salary.
- Enter your rate and work schedule.
- Compare the pay-period estimates.
How it works
Hourly pay includes regular and overtime earnings, while salary mode divides annual pay across standard pay periods.
Formula
Weekly pay = rate × regular hours + rate × overtime hours × 1.5
Example
$20 per hour for 40 hours plus 5 overtime hours is $950 per week.
Common uses
- Comparing job offers
- Converting salary to hourly pay
- Estimating overtime earnings