Salary Calculator
Convert salary amounts between different payment frequencies
Salary Calculator
The Salary Calculator converts salary amounts to their corresponding values based on payment frequency. Examples of payment frequencies include biweekly, semi-monthly, or monthly payments. Results include unadjusted figures and adjusted figures that account for vacation days and holidays per year.
💰 Salary Details
📊 Salary Results
| Unadjusted | Holidays & vacation adjusted | |
|---|---|---|
| Hourly | $50.00 | $45.19 |
| Daily | $400.00 | $361.54 |
| Weekly | $2,000 | $1,808 |
| Bi-weekly | $4,000 | $3,615 |
| Semi-monthly | $4,333 | $3,917 |
| Monthly | $8,667 | $7,833 |
| Quarterly | $26,000 | $23,500 |
| Annual | $104,000 | $94,000 |
This salary calculator assumes the hourly and daily salary inputs to be unadjusted values. All other pay frequency inputs are assumed to be holidays and vacation days adjusted values. This calculator also assumes 52 working weeks or 260 weekdays per year in its calculations. The unadjusted results ignore the holidays and paid vacation days.
📚 Understanding Salary & Wages
Salary vs. Wage
A salary is normally paid on a regular basis with a fixed annual amount, while wages are typically hourly-based compensation that can vary based on hours worked.
Pay Frequencies
Common pay frequencies include weekly, bi-weekly, semi-monthly, and monthly. Each has different implications for budgeting and cash flow management.
Benefits & PTO
Consider vacation days, holidays, health insurance, and other benefits when evaluating total compensation beyond just salary or wage amounts.
How Unadjusted and Adjusted Salaries are Calculated
Using a $30 hourly rate, an average of eight hours worked each day, and 260 working days a year (52 weeks multiplied by 5 working days a week), the annual unadjusted salary can be calculated as:
$30 × 8 × (260) = $62,400
The adjusted annual salary accounts for holidays and vacation days:
$30 × 8 × (260 - 25) = $56,400
Using 10 holidays and 15 paid vacation days a year, we subtract these non-working days from the total number of working days a year. All bi-weekly, semi-monthly, monthly, and quarterly figures are derived from these annual calculations.