Your new job posting says you will earn $28 per hour. You think that sounds decent. But what does it mean in annual dollars? You could multiply: $28 × 40 hours/week × 52 weeks = $58,240. But that assumes you work exactly 40 hours every week with zero time off. Reality is messier. What about vacation days, sick leave, holidays? Do you work overtime? Without accounting for these, your mental math overestimates your true annual income. Or you could use an annual income calculator to instantly show that a $28/hour job is approximately $54,600-$56,200 per year (accounting for paid time off and typical work patterns). An annual income calculator converts hourly wages into yearly salaries by multiplying the hourly rate by the number of working hours in a year. It accounts for standard work weeks, vacation days, sick leave, and holidays to give you a realistic annual income figure. Annual income calculators are used by job seekers evaluating hourly offers, freelancers and contractors estimatin...