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Divide annual salary by total working hours: hours per week × (52 − vacation weeks). Example: $60,000 ÷ (40 × 50) = $30/hr. Use pay frequency if you're paid weekly, biweekly, semi-monthly, or monthly.
Semi-monthly = 24 pay periods/year (twice per month, e.g. 15th and last day). Biweekly = 26 pay periods/year (every 2 weeks). Our calculator supports both—select your frequency for accurate annual conversion.
Gross is before tax; net is take-home. Use tax presets (USA, UK, Pakistan) or custom % in Advanced Options. Tax estimates are approximate—actual tax varies by filing status and deductions.
Use Contractor mode in Advanced Options: enter unpaid downtime % (admin, prospecting, marketing). The calculator shows an adjusted hourly rate you need to charge to maintain income. Freelancers and contractors should charge 1.5–2× employee equivalent.
Freelancers should charge 1.5–2× employee equivalent for taxes and downtime. Use Freelancer preset, add benefits %, and Contractor mode with downtime % for accurate conversion.
The formula (annual ÷ total hours) is mathematically exact. Accuracy depends on your inputs: hours per week, vacation weeks, and pay frequency. Use vacation weeks and real working hours for best results.
Start with your target employee-equivalent salary. Convert to hourly, then multiply by 1.5–2× for taxes, benefits, and downtime. Use Contractor mode with your typical non-billable % for a realistic rate.
Our tax rates are approximate effective rates. Actual tax varies by filing status, deductions, state/local rules, and income level. Consult a tax professional for precise estimates.
Converting offers to hourly reveals true value. A $55k offer at 45 hrs/week may be worse than $50k at 40 hrs. Use our salary comparison feature to see differences and percentage gaps between offers.
Salary: predictable income, often includes benefits. Hourly: overtime pay, clearer per-hour value. Use our calculator to compare equivalent rates.
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