Annualized Salary

Glossary \ Payroll Terms

Published On: Thursday July 23, 2020 04:29 AM

For employees working on a part-time or hourly basis, the annualized salary is a calculation of the amount any given employee can expect to earn in a single year. Essentially, one week's earnings are multiplied by the number of weeks worked in a year, or often, one month's salary is multiplied by 12 to determine the annualized salary.

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