2017 RANKING & REVIEWS
ANNUAL SALARY & INCOME CALCULATORS
Use a Yearly Income Calculator to Calculate Annual Salary Quickly
There are many reasons you may want to know your annual salary: personal knowledge, rental applications, car loans, and more. When you know exactly how much you make a year, you can make better financial choices. In order to calculate annual income quickly, using an online annual salary calculator can be beneficial.
Many people who work hourly wages may wonder what that wage translates into as far as salary. And even those who know their gross annual salary may be curious what their actual income is after taxes.
Award Emblem: Top 6 Best Yearly Income Calculator to Calculate Salary
In either case, an online annual income calculator is the answer. And this article stands as your 2017 guide to the best yearly pay calculator websites you can find online.
We will show you simplified annual salary calculator websites to determine how much your hourly wage will bring in a year. We will also show you more complex yearly income tax calculator websites to calculate annual income tax.
AdvisoryHQ’s List of the Top 6 Best Annual Income Calculator Websites
List is sorted alphabetically (click any of the calculator names below to go directly to the detailed review section for that income tax calculator):
Top 6 Best Yearly Income Calculator Options | Brief Comparison & Ranking
Annual Salary Calculators
Is This Also a Yearly Income Tax Calculator?
Gross income only.
Calculate annual income while considering holiday or vacation days
Gross income only.
Simplified and fast annual income calculator
An annual net income calculator to figure out taxes
Gross income only.
Comparisons and detailed explanations help you calculate annual salary
Detailed tax on annual income calculator
|The Salary Calculator|
Overtime calculator + yearly income tax calculator
Table: Top 6 Best Annual Income Calculator Websites| Above list is sorted alphabetically
How Do Annual Salary Calculator Websites Work?
Before we see which yearly pay calculator might be right for you, let’s learn how they work. To calculate annual income, an online yearly income calculator will often either:
- Convert your hourly, daily, weekly, or monthly wage into your yearly salary. Often this aspect is used to determine what an hourly wage will give you in terms of salary. Some will factor in vacation days or holidays. This is good when determining how much you need to make an hour.
- Determine how much you will pay in federal and/or state taxes. This is used to switch your gross income (pre-tax income) to your net income (post-tax income). These come from annual income tax calculator or annual net income calculator websites.
The online annual income calculator will then give you an approximate look at what you can expect to make for the year.
Image Source: Freeimages
Know that this is different than an annual interest calculator. When you use an annual interest calculator, you are figuring out how much your investments are earning you each year. An annual income calculator shows what your job is earning you each year.
Here is a link to an annual interest calculator if you want to add those earnings to your salary earnings.
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Detailed Review—Top-Ranking Best Annual Salary Calculator Choices
Below, please find a detailed review of each calculator on our list of annual wage calculator websites. We have highlighted some of the factors that allowed these yearly pay calculator options to score so high in our selection ranking.
The first annual income calculator up on our list is from Calculator.net. What makes this yearly pay calculator unique is that it helps you convert your hourly wage to yearly salary while figuring in holidays and vacation days.
While a more simplified yearly income calculator will calculate annual salary in general terms, do not forget that you probably will not work every single weekday. Labor Day or Christmas should be factored in as well.
In order to use this annual salary calculator, simply enter the following information:
- Salary amount
- Salary unit (hourly, daily, etc.)
- Hours per week
- Days per week
- Holidays per year
- Vacation days per year
This annual salary calculator will then give you a side-by-side comparison. One will be adjusted for holidays and vacation time, and the other will not. This way you can see how time off affects your income.
You will, of course, be able to see your annual income. But you can also see the daily, weekly, bi-weekly, semi-monthly, monthly, and quarterly income as well.
The next yearly income calculator from Calculators.org is a simplified annual salary calculator on our list. The main function of this annual income calculator is to quickly calculate annual income from hourly wages.
Image Source: Calculators.org
This yearly pay calculator will not take holidays, vacation days, or taxes into consideration. Instead, you can have a speedy overview of exactly what gross salary your hourly wage should bring in.
In order to use this annual wage calculator, enter the following three facts:
- Period of time (hourly, weekly, etc.)
- Amount made (also known as your hourly wage)
- Hours worked per week.
Calc XML Review
Next up we have an annual net income calculator from Calc XML. This annual income calculator allows you to see how much you will actually make each year by figuring out how much you can expect to spend on taxes.
Using a yearly income tax calculator like this one is important to best plan for all your financial decisions. In most cases, you will not actually receive your proposed annual salary or hourly wage after you pay those taxes.
To use this annual income tax calculator, you need to include the following information:
- Tax filing status
- Gross annual income
- Amount of gross income considered “unearned”/investment income
- Qualified plan/IRA contribution
- Itemized deductions
- Number of personal exemptions
- Number of dependent children
The tax on annual income calculator will then give you color-coded bubbles to show you how much you can expect to pay in taxes and what your tax rate is. These include:
- Average tax rate
- Marginal tax rate
- Adjusted gross income
- Taxable income
- Tax liability before credits
- Child tax credits
- Estimated tax liability
Underneath these bubbles, you will see a table and a graph that will explain it all further.
Covert Units Review
The annual income calculator from Covert Units allows you to compare how much you would make annually if you took vacation time versus if you did not take vacation time. It also gives you a breakdown of daily pay, weekly pay, and monthly pay.
All you need to do to calculate annual income with this yearly income calculator is to enter your hourly wage.
You will then be led to detailed breakdowns of what you may possibly expect from that hourly wage. They calculate annual salary by working the average of 2,000 hours a year, by comparing vacation time and no vacation time, and by counting how many work days there are in a given year.
Paycheck City Review
Now we have another annual net income calculator with the yearly income calculator from Paycheck City. This annual salary calculator is the most detailed on the list, meaning you will need to know more specific information about your salary and tax situation.
To use this annual income tax calculator, you must enter the following information:
- Tax year
- Gross pay
- Gross salary year-to-date
- Pay frequency (Choose annually to make this a yearly income tax calculator)
- Federal filing status
- Number of federal allowances
- Additional federal withholding
- Round federal withholding
- Tax rate
- State exemptions
- Low income
- Additional state withholding
- Deduction name (Add up to 10 voluntary deductions)
- Deduction amount
Each category above has an explanation in case you are not sure what it means or where to go to find it. This means it is a great annual net income calculator for beginners too.
The tax on annual income calculator will then calculate annual income based on your tax situation and give you the following numbers: annual gross pay, federal withholding, social security, Medicare, state/local tax, deductions, and your final net pay.
The Salary Calculator Review
Our final yearly income calculator comes from The Salary Calculator. Not only is this a great tax on annual income calculator, it is also the only annual income calculator on our list that includes options for overtime.
You can easily add not one, but two different overtime schedules. For example, you may earn time and a half for a certain set of overtime hours and double time for another set of overtime hours. Both can be included in this annual wage calculator.
Image Source:The Salary Calculator
To use this annual salary calculator, you need to enter the following information:
- Hourly wage
- Weekly hours
- Monthly overtime
- Monthly overtime pay schedule
- Filing status
- Number of dependents
- Other monthly deductions
- Tax year
This annual income tax calculator will then not only calculate annual income, but also monthly, bi-weekly, and weekly income. You can keep reusing this annual income calculator to see how different amounts of overtime will affect your yearly wages.
Note: this yearly income calculator website is based out of the UK. However, they have a United States option to calculate annual salary based on United States taxes. The links above take you to the U.S. option.
Conclusion—Top 6 Yearly Income Calculator Websites
Now that you have seen these top annual income calculator options, you can determine which will work best to calculate annual salary for you.
In some cases, you may benefit from using more than one. You can start with a yearly income calculator that will convert your hourly wage into your gross salary. Then you can insert that gross salary number into an annual income tax calculator to determine your net income.
Once you have that approximate number from the annual wage calculator, you can determine all your finances for the year. You can more easily make a budget, plan how much can go toward retirement or to pay off credit card debt, or see if you need to pick up a second job.
No matter how you do it, choose one of these annual salary calculator options to help you know your financial situation today.
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