Salary Calculator

Hourly × Hours per week × 52 weeks. At 40 hours/week: hourly × 2,080 = annual salary. Example: $25/hour × 2,080 = $52,000/year. For 50 weeks (2 vacation weeks): hourly × 2,000.

Take-home pay (net pay) is what you receive after taxes and deductions. Federal income tax, state tax, FICA (Social Security 6.2% + Medicare 1.45%), and any benefits contributions are deducted. A $75,000 salary typically nets $52,000-$58,000 depending on state.

The US median household income is ~$74,000 (2023). Individual median is ~$56,000. Cost of living varies enormously by location — $75k in rural Mississippi is comfortable; $75k in San Francisco is tight. Compare to your local cost of living, not national averages.

Salaried employees get a fixed annual amount regardless of hours worked (though overtime rules vary). Hourly employees are paid per hour worked and typically receive overtime (1.5x) for hours over 40/week. Salaried positions often include more benefits.

$15/hour × 40 hours/week × 52 weeks = $31,200/year gross. After estimated 18% taxes (FICA + some federal): ~$25,580 take-home, or ~$2,132/month. This barely covers median 1-bedroom rent in most US cities.