What is annual salary?
Your annual salary is the total gross pay you earn in one year before taxes and deductions. For hourly workers, multiply your hourly rate by the hours you work each week and by 52 weeks.
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Gross vs. net
Annual salary usually refers to gross pay. Your net (take-home) annual income is lower after federal income tax, Social Security, Medicare, and state tax. Use the Biweekly Paycheck Calculator for take-home figures.