Free Salary Calculators

Divide your annual salary by the number of work hours per year. For a standard 40-hour week with 52 weeks: hourly rate = annual salary / 2,080. For example, $50,000/year = $24.04/hour. Use our salary to hourly calculator for instant results.

Take-home pay (net pay) is the amount you receive after all deductions, including federal income tax, state tax, Social Security (6.2%), and Medicare (1.45%). For a $60,000 salary, typical take-home is roughly $45,000-$50,000 depending on filing status and state. Try our take-home pay calculator.

Under the FLSA, overtime pay is 1.5x your regular hourly rate for hours worked beyond 40 in a workweek. If your regular rate is $20/hour, overtime pays $30/hour. Some states have additional rules, such as daily overtime after 8 hours. Use our overtime calculator.

A common formula: (desired annual income + business expenses + self-employment taxes) / billable hours per year. If you want $80,000 net, have $10,000 in expenses, and bill 1,500 hours/year, your minimum rate is approximately $70/hour. Try our freelance rate calculator.