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Salary Calculator

Convert salary across different pay frequencies with holiday and vacation adjustments.

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Salary & Wage Calculator

A salary or wage is the compensation paid by an employer to a worker for their time and effort. This calculator helps convert hourly wages into annual salary and vice versa, including adjustments for holidays and paid time off.

Salary

A salary is usually expressed as an annual amount and does not fluctuate based on hours worked. Salaried employees typically do not receive overtime pay.

Fixed annual compensation

Wage

Wages are based on hours worked multiplied by an hourly rate. Wage earners often receive overtime pay for extra hours.

Hourly pay × hours worked

Employee Benefits Beyond Pay

Salary and wages are only part of total compensation. Many employees receive additional benefits that have significant monetary value.

Adjusted vs Unadjusted Salary

An unadjusted salary assumes all working days are paid. Adjusted salary subtracts holidays and paid time off to reflect actual working days.

Adjusted salary = hourly rate × hours × (working days − PTO)

Different Pay Frequencies

Employees may be paid using different schedules depending on company policy and location.

Factors That Influence Salary

Salaries vary based on multiple personal and economic factors.

Frequently Asked Questions

What is the difference between salary and wage?

Salary is a fixed annual amount, while wages are based on hours worked and hourly pay.

Do salaried employees get overtime?

Most salaried employees do not receive overtime, depending on labor laws and job classification.

What is adjusted salary?

Adjusted salary accounts for holidays and paid time off to show actual earnings per working day.

Can freelancers use this calculator?

Yes. Freelancers can estimate annual income based on hourly or daily rates.

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