

Calculating
Annual 


& Monthly Income 

How
Often Paid 
How to
Determine Annual Income 
Example 
To Find Monthly
Income, Divide by 12 
Annually 
Annual
gross pay 
$36,000

$36,000
/ 12 = $3,000 
Monthly 
Use
montly gross pay amount x 12 
$2,400
x 12 = $28,800 
Use
monthly gross pay 
Twice Monthly or SemiMonthly (1st and 15th) 
Gross
pay for one pay period x 24 pay periods 
$900
x 24 = $21,600 
$21,600
/ 12 = $1,800 
Biweekly (every 2 weeks) 
Biweekly
gross pay x 26 pay periods 
$900
x 26 = $23,400 
$23,400
/ 12 = $2,600 
Weekly 
Weekly
fross pay x 52 pay periods 
$600
x 52 = $31,200 
$31,200
/ 12 = $2,600 
Hourly, Fulltime 
Hourly
fross pay x 2,080 hours (40hrs/wk x 52 weeks) 
$14.50
x 2,080 = $30,160 
$30,160
/ 12 = $2,513.33 
Hourly, Less than FullTime 
(Average
# of hours worked per week x 52 weeks) x Hourly gross pay 
(37.5
x 52) x $14.50 = $28,275 1,950 x
$14.50 = $28,275 
$28,275
/ 12 = $2,356.25 



