Annual Income Calculator
Convert hourly, daily, weekly, or monthly pay into annual income, add bonus and commission, compare two job offers side-by-side, or find out what a raise is actually worth per month — with a visual pay breakdown and full step-by-step math.
Background
"Annual income" is your total expected gross earnings over a year, before taxes or deductions. If you're paid by the hour, day, or week rather than a fixed salary, converting to an annual figure means multiplying by how much you actually work — which is exactly where it's easy to make a mistake.
How to use this calculator
- Choose Convert to Annual to turn one pay rate into a yearly figure, with bonus and commission included.
- Choose Compare Two Offers to see which of two jobs pays more in total, once bonus and commission are counted.
- Choose Raise / Pay Change to see exactly how much more (or less) a new pay rate is worth per year and per month.
- Set your pay frequency and (if hourly, daily, or weekly) your typical hours per week and weeks per year — these apply to every mode.
How the conversion works
Hourly: annual = hourly rate × hours per week × weeks per year.
Daily: annual = daily rate × working days per year, where working days per week is estimated as hours per week ÷ 8.
Weekly: annual = weekly rate × weeks per year.
Monthly: annual = monthly rate × 12.
Bonus and commission are added on top of the base annual figure to get total annual income — the number that actually determines your take-home pay.
Formula & Equations Used
Hourly → annual: A = rate × hours/week × weeks/year
Daily → annual: A = rate × (hours/week ÷ 8) × weeks/year
Weekly → annual: A = rate × weeks/year
Monthly → annual: A = rate × 12
Total annual: A_total = A_base + bonus + commission
Percent change (raise): % change = (new − old) ÷ old × 100
Example Problems & Step-by-Step Solutions
Example 1 — Hourly to annual
\$28/hour, 40 hours/week, 52 weeks/year.
Step: 28 × 40 × 52 = \$58,240.
Result: \$58,240 per year.
Example 2 — Salary plus bonus
\(72,000/year salary + \)5,000 bonus.
Step: 72,000 + 5,000 = \$77,000 total annual.
Result: \(77,000 per year, or about \)6,417/month.
Example 3 — Comparing two offers
Offer A: \(80,000 + \)5,000 bonus. Offer B: \(77,000 + \)12,000 bonus.
Step: A total = \(85,000. B total = \)89,000.
Result: Offer B pays \$4,000 more per year, even though its base salary is lower.
Example 4 — Value of a raise
Hourly rate goes from \$28 to \$30, 40 hours/week, 52 weeks/year.
Step: Old annual = \(58,240. New annual = \)62,400. Difference = \$4,160, or +7.14%.
Result: about \$347 more per month.
Frequently Asked Questions
Is this gross or net income?
This estimates gross income — before taxes, retirement contributions, insurance premiums, or any other deductions. Your actual take-home pay will be lower.
What should I use for weeks per year?
Use 52 if you're paid consistently all year. If you take unpaid time off — common for some hourly and contract roles — use something closer to 48–50 instead.
Does the currency selector change the math?
No — currency only changes how the result is formatted and labeled. The underlying calculation is identical regardless of which currency you pick.
Why does the daily rate depend on hours per week?
A daily rate needs to know how many days you actually work per week, which this calculator estimates from your hours per week assuming an 8-hour workday. Someone working 20 hours/week (2.5 days) earns a very different annual total from a full-time 40 hours/week (5 days) at the same daily rate.
Should bonus and commission count toward "annual income"?
For most practical purposes — budgeting, comparing offers, loan applications — yes. This calculator reports both the base annual figure and the total (base + bonus + commission) so you can see each piece separately.
Why does a lower base salary sometimes win a comparison?
Because total annual income includes bonus and commission, not just base pay. A lower base salary with a larger guaranteed bonus can add up to more total annual income than a higher base salary with little or no bonus — comparing base pay alone can be misleading.
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