Part Time Salary Calculator

What is a Part Time Salary Calculator?

A Part Time Salary Calculator helps you determine your earnings based on hourly wages, weekly hours, and weeks worked. It calculates:

• Weekly Salary
• Monthly Salary
• Yearly Salary
• Overtime Earnings
• Total Earnings

Key Salary Formulas

1. Weekly Salary

Your weekly earnings before overtime.

Formula:

$\text{Weekly Salary}=\text{Hourly Rate}\times \text{Hours per Week}$

2. Monthly Salary

Estimated monthly earnings (annualized average).

Formula:

$\text{Monthly Salary}=\frac{\text{Weekly Salary}\times 52}{12}$

3. Yearly Salary

Total annual earnings based on weeks worked.

Formula:

$\text{Yearly Salary}=\text{Weekly Salary}\times \text{Weeks Worked}$

4. Overtime Earnings

Additional earnings from overtime hours.

Formula:

$\text{Overtime Earnings}=\text{Overtime Hours}\times \text{Overtime Rate}$

5. Total Earnings

Combined regular and overtime earnings.

Formula:

$\text{Total Earnings}=\text{Yearly Salary}+\text{Overtime Earnings}$

Example Calculation

Let's say you work part-time with:

• Hourly Rate = $20
• Hours per Week = 25 hours
• Weeks Worked = 48 weeks
• Overtime Rate = $30
• Overtime Hours = 5 hours

Step-by-Step Calculation

Weekly Salary

$20\times 25=\$500$​​​​​​​

Monthly Salary

$\frac{500\times 52}{12}=\$2,166.67$

Yearly Salary

$500\times 48=\$24,000$

Overtime Earnings​​​​​​​

$5\times 30=\$150$

Total Earnings

$24,000+150=\$24,150$

Conclusion​​​​​​​

This Part Time Salary Calculator simplifies income calculations for non-traditional work schedules. By understanding these formulas, you can make informed decisions about your employment and financial planning.