Salary Calculator - Convert Hourly, Monthly and Yearly Pay

It is the yearly pay amount implied by the salary amount and pay period you entered, based on your stated work schedule. In the worked example, a $3,000 monthly salary with paid time off implies an annual salary of $36,000. That figure is then used as the base for all other period conversions in the table.

It decides whether vacation days and public holidays still earn salary in the annual result. Set to yes, the worked example keeps the full $36,000 annual salary, because paid leave does not reduce pay. Set to no, only worked days count: 25 vacation days and 10 public holidays remove 35 of 260 potential working days, and the annual salary drops to $31,154.

Choose no, unpaid time off, when the days you do not work bring in no pay, such as freelance work, zero-hour contracts, or genuinely unpaid leave. For a fixed annual salary that already includes paid vacation, keep the default yes setting. In the worked example, switching to unpaid lowers the annual figure from $36,000 to $31,154, a reduction of $4,846.

Yes. Enter the monthly amount, choose month as the period, and the calculator converts it into every other pay period. In the worked example, a $3,000 monthly input with paid time off converts to a $36,000 annual salary, a $692.31 weekly, and a $17.31 hourly equivalent. If you set time off to unpaid, the 86.5% worked-days factor applies and the same input gives $31,154 annually and $14.98 per hour instead.

No. Every entered amount is treated as the pay for one full period of your normal schedule, and it is first converted into an annual base salary. With paid time off the conversion is direct: a $692.31 weekly input gives the same $36,000 annual as the worked example. Only the unpaid setting applies the worked-days factor, and it does so after the annual base salary has been calculated.

They are needed to convert annual pay back into hourly equivalents in a realistic way. In the worked example, 40 hours per week gives 2,080 annual hours, so $36,000 ÷ 2,080 = $17.31 per hour. If you changed to 32 hours per week, the hourly figure would rise to $21.63 even with the same annual salary.

Yes. Adjust hours per week and days per week to reflect each schedule, then compare the resulting hourly, monthly, and annual equivalents. A 32-hour, 4-day week with the same $3,000 monthly input gives a higher hourly equivalent than a 40-hour, 5-day week, because the same pay is spread over fewer hours. The unpaid time off factor also changes when days per week changes, since potential working days use your own schedule rather than a fixed 260-day assumption.

Each bonus is converted into an annual amount and then added in full to the annual salary. The unpaid time off factor only reduces the base salary portion, never the bonuses, because bonuses represent extra pay you expect to receive regardless of vacation days taken. For example, adding a $1,000 annual bonus to the worked example gives $37,000 with paid time off and $32,154 with unpaid time off.

No. It converts gross pay amounts between time periods. In the worked example, $36,000 is the gross annual equivalent and the $17.31 hourly rate is also gross. Tax, social contributions, and payroll deductions are outside the scope of this calculator and differ by country and personal situation.

No. It is an educational planning tool that helps compare pay periods and assumptions, but it does not replace professional payroll or legal advice. The results are estimates based only on the inputs you enter. Always verify pay-period conversions and time-off entitlements with your employer, payroll provider, or a qualified advisor.

It is the fraction of potential working days that remain after subtracting vacation days and public holidays, calculated as (days per week × 52 − vacation days − public holidays) ÷ (days per week × 52). In the worked example, (5 × 52 − 25 − 10) ÷ (5 × 52) = 225 ÷ 260 = 86.5%. Only the base salary is multiplied by this factor, and only when time off is set to unpaid, so the annual salary drops from $36,000 to $31,154 while any bonuses you added remain unchanged.

Enter the monthly salary first to find the daily equivalent, then re-enter the contractor day rate with time off set to unpaid to get a realistic annual figure. In the worked example, $3,000 per month converts to a daily rate of $138.46 ($36,000 ÷ 260 days). A contractor charging $150 per day who takes the same 35 days off earns $39,000 × 86.5% = $33,750 per year, which you can compare directly with the $36,000 salary that includes paid leave.

The worked-days factor becomes 100%, so the paid and unpaid settings give the same result. This is the right choice when you only need a pure pay-period conversion without any time-off reduction. In the worked example, setting days off to zero keeps the annual salary at $36,000 and the hourly rate at $17.31 with either toggle setting, and the bar shows 260 of 365 calendar days worked.