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 Semi-Monthly (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, Full-time	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 Full-Time	(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