Salary Calculator
Convert salary amounts to their corresponding values based on payment frequency
Salary Information
Standard full-time work week is 40 hours
Standard work week is 5 days
Typical US holidays: 8-10 days
Average US vacation: 10-15 days
Result [Save this calculation]
| Period | Unadjusted | Holidays & vacation days adjusted |
|---|---|---|
| Hourly | – | – |
| Daily | – | – |
| Weekly | – | – |
| Bi-weekly | – | – |
| Semi-monthly | – | – |
| Monthly | – | – |
| Quarterly | – | – |
| Annual | – | – |
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.
The unadjusted results ignore the holidays and paid vacation days.
About Salary Calculator
A salary or wage is the payment from an employer to a worker for the time and works contributed. To protect workers, many countries enforce minimum wages set by either central or local governments. Also, unions may be formed in order to set standards in certain companies or industries.
Salary
A salary is normally paid on a regular basis, and the amount normally does not fluctuate based on the quality or quantity of work performed. An employee’s salary is commonly defined as an annual figure in an employment contract that is signed upon hiring. Salary can sometimes be accompanied by additional compensation such as goods or services.
Wage
There are several technical differences between the terms “wage” and “salary.” For starters, while the word “salary” is best associated with employee compensation on an annual basis, the word “wage” is best associated with employee compensation based on the number of hours worked multiplied by an hourly rate of pay. Also, wage-earners tend to be non-exempt, which means they are subject to overtime wage regulations set by the government to protect workers.
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
As can be seen, the hourly rate is multiplied by the number of working days a year (unadjusted) and subsequently multiplied by the number of hours in a working day. The adjusted annual salary can be calculated as:
$30 × 8 × (260 – 25) = $56,400
Using 10 holidays and 15 paid vacation days a year, 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. It is important to make the distinction between bi-weekly, which happens every two weeks, and semi-monthly, which occurs twice per month, usually on the fifteenth and final day of the month.