Formula
Annual income multiplies one gross paycheck by the number of checks, then adds the bonus:
Annual income = gross paycheck × paychecks per year + bonus
The paycheck calculator does the reverse: it starts from the annual amount and divides.
Assumptions
- Every paycheck equals the amount you enter.
- The bonus is paid once in the year.
Worked example
A $2,400.00 paycheck, 26 times a year, plus a $3,000.00 bonus is $65,400.00.
Input definitions
- Gross paycheck
- One check before you apply this page's bonus.
- Annual bonus
- Extra pay for the year. Zero is allowed.
Limitations
This is a planning estimate, not payroll, tax, shipping, or marketplace advice. The currency control changes the symbol only.
Questions
Does this subtract tax?
No. It is gross income. Take-home pay estimates one check after a tax percent.
Can the bonus be the only income?
Yes. Set the paycheck to zero.