QUICK ANSWER
Annual salary ÷ (hours per week × paid weeks per year) = hourly rate. At 40 hours and 52 paid weeks, $60,000 ÷ 2,080 = $28.85 per hour.
01The conversion table
| Period | Gross pay | Formula |
|---|---|---|
| Hourly | $28.85 | $60,000 ÷ 2,080 |
| Weekly | $1,153.85 | $60,000 ÷ 52 |
| Biweekly | $2,307.69 | $60,000 ÷ 26 |
| Monthly | $5,000.00 | $60,000 ÷ 12 |
02Paid weeks change the answer
Use 52 when vacation and holidays are paid as part of the salary. Use fewer weeks only when comparing work that truly has unpaid weeks. This is a gross-pay equivalence, not take-home pay or an overtime classification.
COMPARISON
The same salary over fewer worked weeks
- $60,000 over 52 × 40 hours$28.85/hour
- $60,000 over 48 × 40 hours$31.25/hour
Common questions
Does the result include taxes?
No. Every result is gross pay before tax, benefits and deductions.
Why are biweekly and semimonthly different?
Biweekly normally means 26 pay periods; semimonthly means 24.