Last updated: September 6, 2026 · Method: hourly wage times hours per week times 52 weeks; take-home uses 2025 IRS federal brackets, the standard deduction and SSA FICA rates. · Included: federal income tax, Social Security, Medicare, overtime at 1.5x. · Not included: state and local income tax, tips, bonuses, benefits, unpaid time off.
An hourly wage of $15 adds up to $31,200 a year on a full-time schedule of 40 hours a week for 52 weeks (2,080 hours). That is $2,600.00 a month, $1,200.00 every two weeks, $600.00 a week and $120.00 for an eight-hour day, before taxes. After federal income tax and FICA, a single filer keeps about $27,108 of it in 2025.
$15 an hour by pay period (full time)
| Pay period | Before tax | After federal tax and FICA (single) |
|---|---|---|
| Hourly | $15.00 | $13.03 |
| Daily (8 hours) | $120.00 | $104.26 |
| Weekly (40 hours) | $600.00 | $521.30 |
| Biweekly (80 hours) | $1,200.00 | $1,042.60 |
| Monthly | $2,600.00 | $2,258.98 |
| Annual (2,080 hours) | $31,200 | $27,108 |
How the yearly salary is calculated
Multiply the hourly wage by the hours you work in a week, then by the number of weeks you are paid. Full-time work is usually counted as 40 hours and 52 weeks, which is where the 2,080 hours come from.
$15 × 40 hours × 52 weeks = $31,200 per year
Hourly workers are only paid for hours actually worked, so unpaid holidays, sick days and slow weeks reduce the real annual figure. Two unpaid weeks a year lower it to $30,000.
$15 an hour part time
| Hours per week | Weekly | Monthly | Yearly |
|---|---|---|---|
| 20 | $300.00 | $1,300.00 | $15,600 |
| 25 | $375.00 | $1,625.00 | $19,500 |
| 30 | $450.00 | $1,950.00 | $23,400 |
| 35 | $525.00 | $2,275.00 | $27,300 |
| 40 | $600.00 | $2,600.00 | $31,200 |
$15 an hour with overtime
Under the Fair Labor Standards Act, nonexempt employees earn at least 1.5 times their regular rate for hours beyond 40 in a workweek, so overtime at $15 pays $22.50 an hour.
| Overtime hours per week | Weekly pay | Yearly pay |
|---|---|---|
| None (40 hours) | $600.00 | $31,200 |
| 5 hours (45 total) | $712.50 | $37,050 |
| 10 hours (50 total) | $825.00 | $42,900 |
Taxes on $15 an hour (tax year 2025)
On $31,200 a year, a single filer is taxed on $16,200 after the $15,000 standard deduction, with the top slice in the 12.0% bracket. Social Security takes 6.2% and Medicare 1.45% of every paycheck.
| 2025 estimate | Single | Married filing jointly (one income) |
|---|---|---|
| Gross pay | $31,200 | $31,200 |
| Federal income tax | $1,706 | $120 |
| Social Security and Medicare | $2,387 | $2,387 |
| Take-home pay | $27,108 | $28,693 |
| Take-home per hour | $13.03 | $13.79 |
| Effective federal rate incl. FICA | 13.1% | 8.0% |
No state tax, credits, tips or pre-tax deductions are included. The paycheck calculator lets you add them.
Compared with the federal minimum wage
The federal minimum wage is $7.25 an hour ($15,080 a year full time). $15 an hour is 2.07 times the federal minimum. Many states and cities require more than $7.25.
Nearby hourly wages
| Hourly wage | Yearly | Monthly | Take-home (single) |
|---|---|---|---|
| $13.50 an hour | $28,080 | $2,340.00 | $24,601 |
| $14 an hour | $29,120 | $2,426.67 | $25,436 |
| $14.50 an hour | $30,160 | $2,513.33 | $26,272 |
| $15.50 an hour | $32,240 | $2,686.67 | $27,943 |
| $16 an hour | $33,280 | $2,773.33 | $28,779 |
| $16.50 an hour | $34,320 | $2,860.00 | $29,615 |
Related calculators
- Hourly to Salary Calculator for any wage, hours and weeks.
- Overtime Calculator for time and a half and double time.
- Paycheck Calculator with state tax and 401(k).
- Timesheet Calculator to total your hours for the week.
- Yearly salary to hourly for the reverse question.
❓ Frequently asked questions
How much is $15 an hour annually?
$15 an hour is $31,200 a year if you work 40 hours a week for 52 weeks (2,080 hours). With two unpaid weeks off it is $30,000.
How much is $15 an hour per month?
Full time, $15 an hour is $2,600.00 a month before taxes ($31,200 divided by 12). At 30 hours a week it is $1,950.00 a month.
How much is $15 an hour biweekly?
Two full-time weeks are 80 hours, so a biweekly paycheck at $15 an hour is $1,200.00 before taxes. A single filer keeps about $1,042.60 of it after federal tax and FICA.
How much is $15 an hour after taxes?
On $31,200 a year, a single filer with the 2025 standard deduction pays about $1,706 in federal income tax and $2,387 in Social Security and Medicare, keeping about $27,108, or $13.03 an hour. Married filing jointly on one income keeps about $28,693. State tax is not included.
How much is $15 an hour part time?
At 20 hours a week $15 an hour pays $15,600 a year; at 25 hours $19,500; at 30 hours $23,400; at 35 hours $27,300.
How much is $15 an hour with overtime?
Overtime under the FLSA pays 1.5 times the regular rate, so overtime hours at $15 pay $22.50. Five overtime hours every week add $112.50 a week and bring the annual total to $37,050; ten hours bring it to $42,900.
Sources
- IRS, tax year 2025 federal income tax brackets and standard deduction.
- Social Security Administration, 2025 contribution and benefit base ($176,100).
- U.S. Department of Labor, FLSA minimum wage and overtime rules.