Convert between hourly, weekly, monthly, and annual salary. Estimate your take-home pay after taxes.
Multiply hourly wage × hours/week × 52 weeks. Example: $30/hour × 40 × 52 = $62,400/year. Subtract 2 weeks for unpaid time off: $30 × 40 × 50 = $60,000.
Total tax burden typically ranges from 20% to 37% depending on income and state. This includes federal income tax (10-37% brackets), Social Security (6.2%), Medicare (1.45%), and state income tax (0-13.3%).
Gross salary is total earnings before deductions. Net salary (take-home pay) is what remains after all taxes and deductions. For $100,000 in California, net is approximately $68,000-$72,000.
State tax varies dramatically: 0% in Texas/Florida vs 13.3% top rate in California. For a $100,000 salary, the difference can be $8,000-$13,000/year.
Median US salary is ~$56,000 (2024). $75,000+ is comfortable in most areas. $100,000+ is upper-middle class nationally. In high-cost cities, $150,000+ may be needed for similar purchasing power.
Aim to save 20% of gross income: 10-15% for retirement, 5-10% for emergencies and goals. Always get your full employer 401(k) match first — that's free money.
Single: 10% ($0-$11,600), 12% ($11,601-$47,150), 22% ($47,151-$100,525), 24% ($100,526-$191,950), 32% ($191,951-$243,725), 35% ($243,726-$609,350), 37% (over $609,350). Married brackets are roughly doubled.
Due to progressive taxation, higher income means a higher marginal rate. But you never lose money by earning more — the higher rate only applies to income above each bracket threshold. Your total take-home always increases.