Pay & Income
Annual salary
The hourly rate multiplied by the paid hours in the year.
The Formula
Annual = Hourly x Hours per week x Weeks per year
The hourly rate multiplied by the paid hours in the year.
| Symbol | Meaning | Unit | Notes |
|---|---|---|---|
| h | Hourly rate | currency | Rate paid per hour. |
| H | Hours per week | count | Paid hours each week. |
| W | Weeks per year | count | Paid weeks in the year. |
What Each Symbol Means
hcurrency
Hourly rate
Rate paid per hour.
Hcount
Hours per week
Paid hours each week.
Wcount
Weeks per year
Paid weeks in the year.
See It Worked With Real Numbers
A formula on its own does not tell you which number goes where. The how to calculate hourly to salary page applies this equation to a concrete case, shows every intermediate step, and names the mistakes that produce a wrong answer even when the algebra is right.
Where This Formula Appears
This equation is the working core of How To Calculate Hourly To Salary, filed under Finance. Every number the guide produces comes from substituting into this one line.