$15 an hour is about $31,200 a year before taxes, based on 40 hours a week for 52 weeks. That is $2,600 a month, $1,200 every two weeks and $600.00 a week.
$15 an hour by pay period
Assuming a standard full-time schedule of 40 hours a week and 52 paid weeks (2,080 hours a year), here is what $15 an hour works out to before taxes:
| Pay period | Gross pay | How it is calculated |
|---|---|---|
| Yearly | $31,200 | $15 × 2,080 hours |
| Monthly | $2,600 | Yearly ÷ 12 |
| Semi-monthly | $1,300 | Yearly ÷ 24 (paid twice a month) |
| Biweekly | $1,200 | Yearly ÷ 26 (every two weeks) |
| Weekly | $600.00 | $15 × 40 hours |
| Daily | $120.00 | $15 × 8 hours |
If you work more or fewer hours
| Hours per week | Weekly | Monthly | Yearly |
|---|---|---|---|
| 20 hours | $300.00 | $1,300 | $15,600 |
| 25 hours | $375.00 | $1,625 | $19,500 |
| 30 hours | $450.00 | $1,950 | $23,400 |
| 32 hours | $480.00 | $2,080 | $24,960 |
| 35 hours | $525.00 | $2,275 | $27,300 |
| 37.5 hours | $562.50 | $2,438 | $29,250 |
| 40 hours | $600.00 | $2,600 | $31,200 |
| 45 hours | $675.00 | $2,925 | $35,100 |
| 50 hours | $750.00 | $3,250 | $39,000 |
For hours above 40 a week, many employers pay overtime at time-and-a-half. Working 45 hours at $15 with 5 overtime hours at $22.50 pays $712.50 a week, or about $37,050 a year. Check exact numbers with the overtime calculator.
With unpaid time off
If you are paid only for the hours you work, unpaid vacation and holidays reduce your annual income:
| Unpaid time off | Paid weeks | Yearly income |
|---|---|---|
| None | 52 | $31,200 |
| 1 week | 51 | $30,600 |
| 2 weeks | 50 | $30,000 |
| 3 weeks | 49 | $29,400 |
| 4 weeks | 48 | $28,800 |
| 6 weeks | 46 | $27,600 |
Estimated take-home pay
Your net pay depends on federal, state or national income tax, social-security contributions and deductions such as retirement savings and health insurance. As a rough guide, here is the take-home pay on $31,200 at different effective (overall) tax rates:
| Effective tax rate | Yearly take-home | Monthly take-home | Hourly after tax |
|---|---|---|---|
| 10% | $28,080 | $2,340 | $13.50 |
| 15% | $26,520 | $2,210 | $12.75 |
| 20% | $24,960 | $2,080 | $12.00 |
| 25% | $23,400 | $1,950 | $11.25 |
| 30% | $21,840 | $1,820 | $10.50 |
For a closer estimate with your own deductions, use the paycheck calculator. To compare a raise or a new offer, try the pay raise calculator.
Open $15/hour in the salary calculator →