Income Formula: Monthly Income = Weekly Income * 52 / 12 Annual Income = Weekly Income * 52

Income Definition There are many time when having a calculator that can give you the specific answer you need without multiple and complicated calculations can really come in handy, this is especially true for calculating income. Thanks to our FREE Income Calculator you do not have to go through numerous equations in order to get the figures you need. Having the ability to calculate your income plays a major role in almost all financial transactions. Loans such as housing, personal vehicle and several other categories will all require a breakdown of both monthly and annual income. Our Income Calculator will give you both of these amounts in less time than that of using a traditional calculator and adding several figures for the final answer. With time being at the premium it is these days having a faster way to acquire important information is always highly valued. This great financial calculator will do your income calculations quickly and easily!

How to Use the Income Calculator Operating the Income Calculator is a fairly simple procedure, all that is needed is your basic income information and the calculator does the work for you. It’s really simple all you need to enter is one simple step. The step is as follows:

Your weekly income.

Once you have entered the above information the Income Calculator will give you the exact amount of your income for both your monthly as well as your annual income. The benefit to this, aside from ease of use, is that you can save and print the results so that you always have the information at ready disposal should you need it.

Things to Remember There are some key points to keep in mind when utilizing our income calculator when it comes to your finances.

Is the figure you enter for your income before or after taxes? If it’s before taxes than the figure you are supplied with will also be the amount before your taxes have been deducted. If the figure is after taxes than this will represent your income after the deductions.

If your weekly or monthly income fluctuates due to being paid on an hourly basis, then the figures you receive will be an approximation as opposed to an exact figure of your monthly and yearly income.

Should the amount of your income change, be sure to re-enter the information to get an updated calculation of your income.

While this may seem like a small task, should it be required, you would be amazed at the amount of time and trouble having this information readily at hand can save by using this calculator. This type of information can also be a big step up when it comes to helping you plan your budgetary needs. Utilizing an Income Calculator can be a big step in the right direction to financial responsibility. You may also be interested in the Daily Wage Calculator and the Hourly Paycheck Calculator.

How to Calculate Income Let's be honest - sometimes the best income calculator is the one that is easy to use and doesn't require us to even know what the income formula is in the first place! But if you want to know the exact formula for calculating income then please check out the "Formula" box above.