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Annual Income Calculator
Defination / Uses
Calculate your annual income follow the below steps:
- Enter the hourly wage - how much money you earn per hour.
- In the second field, input how many hours you work in a week.
- A year usually has 52 weeks (occasionally it happens to have 53). If you get paid for holidays and work all year round, leave the default number in the third field of the yearly income calculator. If you work less - enter the number of weeks in a year for which you get paid.
- That's it, the annual salary calculator has determined your yearly salary.
Thus, yearly income means the quantum of capitalist attained during a time.
Gross means before levies and net means after abating levies. What you admit in your bank account is net income.
To sum up - gross annual income is the amount of money your employer spent on you in a year. The annual net income is the yearly sum you received (after tax deduction).