Depending on the information you provide, the Pay Rate Calculator computes different information:
If you are paid on an hourly or daily basis, the annual salary calculation does not apply to you. Your bi-weekly pay is calculated by multiplying your daily or hourly rate times the number of days or hours you are paid.
2025 is not a leap year. All calculations are based on the standard 365 days in a calendar year. Your bi-weekly gross will remain steady throughout the year unless your salary changes. There is no need to adjust for an extra day as there was in 2024.
Keep in mind:
Regular Hours per Year = Regular Hours per Day × 261 Work Days per Year:
Hours/Week | Hours/Day | Work Days/Year | Hours/Year |
---|---|---|---|
35 | 7 | 261 | 1,827 |
37.5 | 7.5 | 261 | 1,957 |
40 | 8 | 261 | 2,088 |
Formula: Hourly Rate = Annual Salary / Hours/Year
Example: if your Annual Salary is $50,000 and you work 40 Hours/Week (or 2,088 Hours/Year), your Hourly Rate = $50,000 / 2,088 = $23.95
For premium rate Time and One-Half, multiply your hourly rate by 1.5. For instance, for Hourly Rate $26.00, the Premium Rate at Time and One-Half = $26.00 × 1.5 = $39.00
For premium rate Double Time, multiply your hourly rate by 2. For instance, for Hourly Rate $26.00, the Premium Rate at Double Time = $26.00 × 2 = $52.00
Please note: The Pay Rate Calculator is not a substitute for pay calculations in the Payroll Management System. In the event of a conflict between the information from the Pay Rate Calculator and the Payroll Management System, calculations from the Payroll Management System prevail.