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Convert between annual, monthly, biweekly, weekly, daily, and hourly pay rates. Adjust for hours, weeks, and estimated taxes.
Whether you're evaluating a job offer, comparing a freelance rate to a salary, or figuring out what your hourly rate means annually — this converter does the math instantly. Enter any pay rate and see all the equivalent breakdowns, including an estimated after-tax view.
The standard formula: Annual Salary / Work Weeks / Hours per Week. For a $75,000 salary with 52 work weeks and 40 hours: $75,000 / 52 / 40 = $36.06/hour. If you get 2 weeks unpaid vacation, use 50 weeks instead: $75,000 / 50 / 40 = $37.50/hour.
When comparing a freelance hourly rate to a full-time salary, remember that freelancers pay self-employment tax (~15.3% extra), don't get employer-paid benefits (health insurance, 401k match, PTO), and have unpaid downtime between clients. A common rule of thumb: multiply your desired full-time hourly rate by 1.5-2x to get an equivalent freelance rate.
The tax rate field provides a rough estimate of take-home pay. Actual taxes depend on your filing status, state, deductions, and credits. Common effective rates: 15-20% for $40-60K income, 20-25% for $60-100K, 25-32% for $100-200K. These include federal + state + FICA. Use this as a ballpark, not for tax filing.