Annual Income Calculator
Use our annual income calculator to calculate annual income from hourly, daily, weekly, or monthly pay. Estimate annual gross income (before taxes) and optionally estimate annual income after taxes with a simple tax rate. Includes how to calculate annual income from hourly, whether annual income is before taxes, and where to find annual income on a W-2.
What Annual Income Means
Annual income is the amount of money you earn in a year. In most contexts, people mean annual gross income (before taxes and deductions), but sometimes they mean take-home pay (after taxes).
If you’re paid hourly, you can estimate annual income by multiplying your hourly rate by the number of hours you work per week, then by the number of weeks you work per year.
This annual income calculator helps you calculate annual income before taxes, and it can also estimate annual salary after taxes if you provide an effective tax rate.
Annual Income Formulas
Use the formula that matches how you’re paid (hourly, weekly, monthly). For after-tax estimates, apply an effective tax rate to gross income.
Common defaults are 40 hours/week and 52 weeks/year (adjust for unpaid time off).
If you’re paid every week, multiply by 52 (or the number of paid weeks you work).
Works for fixed monthly salaries.
Tax rate here is an effective rate estimate (not a full tax filing calculation).
A typical full-time estimate (before taxes).
A quick estimate; actual take-home can differ with benefits and deductions.
How to Calculate Annual Income
- 1
Choose how you’re paid (hourly, weekly, or monthly).
- 2
Enter your pay amount (hourly rate, weekly pay, or monthly pay).
- 3
If using hourly pay, enter hours per week and weeks per year you expect to be paid.
- 4
The calculator returns your annual gross income (before taxes).
Frequently Asked Questions
Most of the time, yes—when people say “annual income,” they usually mean gross income before taxes and deductions. If someone means take-home pay, they’ll often say “after taxes” or “net income.”
Annual gross = hourly rate × hours per week × weeks per year. Use your real schedule and adjust weeks for unpaid time off.
A quick estimate is annual net ≈ annual gross × (1 − tax rate). This is an approximation because real taxes depend on brackets, filing status, and deductions.
Use the gross formulas: hourly rate × hours/week × weeks/year, or weekly pay × weeks/year, or monthly pay × 12.
Your W-2 shows different wage totals depending on the box. Box 1 (Wages, tips, other compensation) is the most common “taxable wages” amount used for federal income tax, but it may be lower than your gross pay due to pre-tax deductions.
Salary is a type of income (fixed pay). Annual income can include salary plus bonuses, commissions, overtime, side income, and other earnings—depending on what you’re measuring.
No. If you enter a tax rate, it uses an effective-rate estimate. For exact after-tax results, you’d need a full tax calculation that accounts for brackets, deductions, and benefits.