Salary calculator
Pay Raise Calculator
Calculate a pay raise percentage, new annual salary and monthly, biweekly and weekly gross-pay differences.
How to calculate a pay raise
Multiply the current salary by the raise percentage, then add the increase to the current salary. A 5% raise on $50,000 is $2,500, producing $52,500 before any additional bonus change.
Gross pay limitation
The result is gross pay. Taxes, benefits, retirement deductions and payroll schedules can change take-home pay.
Frequently asked questions
How much is a 5% raise on $50,000?
+$2,500 per year, before taxes and other deductions.
Does the calculator include tax?
+No. It calculates gross pay only.
Can I enter a pay cut?
+Yes. Enter a negative percentage down to -100%.
Why is biweekly pay divided by 26?
+A common biweekly schedule has 26 pay periods per year.