Advertised hourly rates usually refer to the gross rate, which is the pay before deductions, but you may also use the net deposit amount to calculate a net hourly rate.

Here’s a look at how to calculate your paycheck, so you’ll understand how your hourly rate or annual salary translates into the sum you see in your bank account each pay period.

To calculate the hourly rate for a salaried employee, divide the yearly salary by 52. For example, divide an annual salary of $37,440 by 52, which equals a weekly pay amount of $720.

Here's what you should know about net pay, what it is, how to calculate it and the difference between gross pay vs. net pay.

In order to pay your employees correctly each pay period, you need to know how to calculate gross and net pay. Learn how to ensure your payroll is precise.

Learn how to calculate your annual income, whether you're salaried, hourly, or self-employed. Discover tips for accurate calculations and understanding your financial picture.

For an hourly employee, wages can include breaks, on-call time, overtime, travel time and training. Gross pay is the starting point for all calculations related to employee compensation and taxes.

Now, let’s say they worked a 40-hour week for 52 weeks throughout the year. With an hourly rate of $28, their annual gross pay would be $58,240. What is net pay or take-home pay?

It's important to keep track of how much you've earned throughout the tax year. Here's how net pay works and its difference from gross pay.