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💼 Business Salary Calculator
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Salary Calculator

Convert pay periods, calculate raises, estimate take-home pay and compare offers

$/yr
hrs
wks
Hourly Rate
$0
Annual salary$0
Monthly (÷12)$0
Bi-weekly (÷26)$0
Weekly (÷52)$0
Daily (÷260)$0
Annual
$0
Monthly
$0
Weekly
$0
Hourly
$0
$/yr
%
New Annual Salary
$0
Raise amount (annual)$0
Raise per month$0
Raise per hour$0
Estimated tax on raise (22%)$0
Net raise (after tax est.)$0
Current
$0
Raise Amount
$0
New Salary
$0
Net Monthly Gain
$0
$/yr
%
%
$/mo
▾
Monthly Take-Home Pay
—
After all deductions
Annual gross$0
Federal income tax (est.)$0
State income tax$0
Social Security (6.2%)$0
Medicare (1.45%)$0
401(k) + health$0
Annual take-home$0
Job Offer A
$
$
%
$/mo
days
$/mo
Job Offer B
$
$
%
$/mo
days
$/mo
📋 Offer A
Base salary$0
+ Bonus$0
+ 401k match value$0
+ PTO value$0
− Health premiums$0
− Commute cost$0
Total comp value$0
📋 Offer B
Base salary$0
+ Bonus$0
+ 401k match value$0
+ PTO value$0
− Health premiums$0
− Commute cost$0
Total comp value$0

How to Calculate and Compare Salary

Understanding your salary beyond the headline number is critical for financial planning and career decisions. This calculator covers the four questions people ask most: how does my annual salary translate to an hourly rate, what will I actually make after a raise, how much will I take home after taxes, and how do two job offers really compare when benefits are factored in?

Job seekers use the comparison tool to evaluate offers that trade lower salary for better benefits — a $72,000 job with full health coverage and 6% 401k match is often worth more than a $80,000 job with bare benefits. Employees use the raise calculator to understand what a 7% raise actually means for their monthly budget after taxes.

Salary Conversion Formula

Hourly = Annual / (Hours per week × Weeks per year)
Standard: $65,000 / (40 × 52) = $65,000 / 2,080 = $31.25/hour
Monthly = Annual / 12 | Weekly = Annual / 52 | Daily = Annual / 260

Take-Home Pay Estimate (US)

Deductions from gross: Federal income tax (10–37%), Social Security (6.2%), Medicare (1.45%), State tax (0–13%), 401(k) contributions, health premiums. Most US workers keep 65–75% of gross salary as take-home pay.

When to Use This Calculator

Use the salary calculator when evaluating job offers, planning a budget, negotiating a raise, or comparing the real value of compensation packages. Numbers that look very different often end up similar — or vice versa — once you account for benefits, taxes, and hours worked.

  • Evaluating a job offer: You're offered $78,000. Use the Hourly tab to see that's $37.50/hour — then compare to your current role's effective rate. Use Compare Offers if there are two options on the table.
  • Negotiating a raise: You want a 12% raise. The Raise Calculator shows exactly what that means monthly and annually after taxes — concrete numbers strengthen your negotiation position.
  • Budgeting after a salary change: A new job or promotion changes your take-home. Use the Take-Home tab to see your new net monthly income before adjusting your budget or financial commitments.
  • Freelance vs salaried comparison: A freelance contract at $65/hour sounds great, but you pay both sides of FICA (15.3%) and self-employment taxes. The hourly calculator helps you find the freelance rate equivalent to a given salary.

Step-by-Step Example: Comparing Two Job Offers

Offer A: $82,000 salary, company pays full health ($6,000/yr value), 4% 401k match ($3,280/yr), 20 PTO days. Offer B: $90,000 salary, employee pays health ($3,600/yr), no match, 15 PTO days. Adjusted Offer A value = $82,000 + $6,000 + $3,280 + $2,500 (extra 5 PTO days at $90k rate) = $93,780. Adjusted Offer B = $90,000 − $3,600 = $86,400. Offer A is worth $7,380 more despite a lower headline salary.

Frequently Asked Questions

How do I convert annual salary to hourly? ▼
Hourly rate = Annual salary / (Hours per week × Weeks worked per year). Standard full-time: Annual / 2,080 (40 hrs × 52 wks). $60,000 / 2,080 = $28.85/hour. If you work 50 weeks: $60,000 / 2,000 = $30/hour. This matters when comparing a salaried job to an hourly or contract position.
How much of a raise should I ask for? ▼
Annual cost-of-living adjustment: 3–5%. Performance raise: 5–10%. Promotion: 10–20%+. When changing jobs: 10–20% is typical, but top performers often negotiate 20–30%. Research your market rate on Glassdoor, LinkedIn, and Levels.fyi. If your salary hasn't kept pace with inflation, you need a catch-up raise before a performance raise.
How is take-home pay calculated? ▼
Start with gross salary. Subtract: pre-tax deductions (401k, HSA, health insurance premiums), federal income tax (progressive brackets), Social Security (6.2% up to wage cap), Medicare (1.45%), state income tax (0–13.3% depending on state), and local taxes if applicable. What remains is your net or take-home pay. On $75,000 in a moderate-tax state, expect $52,000–$57,000 take-home.
How do I compare job offers with different benefits? ▼
Convert everything to annual dollar value. 401k match: Employer matches X% of salary — that's free money. Health insurance: What would you pay out-of-pocket for comparable coverage? PTO: Each extra week ≈ 2% of salary (1 week = $1,250 on a $65,000 salary). Remote work: No commute cost, wardrobe savings (~$2,000–$5,000/year). Use the Compare Offers tab to add all these together.
What is the difference between gross and net salary? ▼
Gross salary is your total agreed-upon compensation before any deductions. Net salary (take-home pay) is what lands in your bank account after all deductions. The gap is typically 20–35% of gross and includes federal and state taxes, FICA (Social Security + Medicare), and any pre-tax benefits you're enrolled in. Always negotiate on gross — that's the standard reference point.
How do bonuses affect total compensation? ▼
Bonuses are taxed at your marginal rate (or withheld at a flat 22% federal rate for supplemental income in the US). They add real compensation value but aren't guaranteed. When evaluating job offers, discount discretionary bonuses by 20–50% since they depend on both company and individual performance. Sign-on bonuses are usually clawed back if you leave within 1–2 years.
What is total compensation and how is it different from base salary? ▼
Total compensation includes everything of value your employer provides: base salary + target bonus + equity (RSUs/options, vested over time) + 401k match + health, dental, vision insurance premiums paid + life insurance + HSA contributions + PTO value + remote work stipends + professional development budgets. In tech roles, equity can double or triple the value of base salary. Always compare total compensation packages, not just salaries, when evaluating offers from different industries or company stages.
How does remote work affect my effective salary? ▼
Remote work eliminates commuting costs (average US worker spends $600–$1,200/year on commuting, or much more in major cities), reduces wardrobe expenses ($500–$2,000/year), and may lower lunch/coffee spending ($1,500–$3,000/year). Total savings of $2,500–$6,000 annually effectively increase your net income. On the other hand, you may pay more for home utilities and internet. A $75,000 remote job often competes with an $80,000 in-office job in the same city once all costs are factored in.
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