Finance
Salary Calculator
Convert any pay rate into hourly, daily, weekly, bi-weekly, monthly, and annual figures, plus an estimated take-home pay.
Your salary breakdown
Annual salary (pre-tax)
$60,000
Monthly
$5,000
Bi-weekly
$2,308
Weekly
$1,154
Daily (5d week)
$231
Hourly
$28.85
Estimated take-home pay
Annual
$42,210
Monthly
$3,518
Based on a combined 29.65% rate (22% federal effective + 7.65% FICA). Rough estimate; actual taxes depend on state and deductions.
Frequently Asked Questions about the Salary Calculator
How does the calculator convert between pay frequencies?
It annualizes your entry first, then divides into every other period. Hourly goes through hours-per-week x weeks-per-year (default 40 x 52 = 2,080 hours). Daily assumes a 5-day workweek. From there, weekly = annual / weeks-per-year, biweekly = weekly x 2, and monthly = annual / 12.
What tax rate is used for the take-home estimate?
A flat 29.65% combined rate: 22% federal effective rate (a middle-income assumption) plus 7.65% FICA (Social Security 6.2% + Medicare 1.45%). State and local income taxes are not included, so your actual take-home in a high-tax state will be lower than shown.
Can you walk through an example?
Enter $75,000 annual with the defaults (40 hours/week, 52 weeks/year). The calculator returns $36.06 per hour, $288.46 per day, $1,442.31 per week, $2,884.62 biweekly, $6,250.00 per month, and an estimated take-home of $52,762.50 per year ($4,397 per month) after applying the 29.65% combined rate.
Are biweekly and semi-monthly the same thing?
No. Biweekly means every two weeks, producing 26 paychecks per year. Semi-monthly means twice a month, producing 24 paychecks per year. This calculator uses the biweekly convention, which is the most common payroll schedule among US employers.
What is the most common mistake when evaluating a salary offer?
Treating gross pay as spendable income. After federal income tax, FICA, state tax, health insurance premiums, and 401(k) contributions, most US workers take home 60-75% of their gross. Run the numbers against take-home pay before committing to a rent or car payment based on the offer letter number.