$15 an Hour Is How Much a Year After Taxes?
$15 an hour is a common wage benchmark, whether you're evaluating a job offer, budgeting for a new role, or just curious what it adds up to over a full year. Here's the full breakdown, before and after taxes. Converting $15/hour to an annual salary Full-time, 40 hours/week, 52 weeks/year: $15 × 40 hours = $600/week $600 × 52 weeks = $31,200/year gross That's your gross annual salary equivalent — before any taxes or deductions come out. Worked example: $31,200 salary, single filer, no state tax Standard deduction (2026): $16,100 Taxable income: $31,200 − $16,100 = $15,100 Federal tax owed: 10% on the full $15,100 (still within the first bracket) = $1,510 Social Security: 6.2% × $31,200 = $1,934.40 Medicare: 1.45% × $31,200 = $452.40 Total tax: $3,896.80 Annual take-home pay: $27,303.20 Broken down by pay frequency: Pay frequency Take-home pay Monthly ~$2,275 Biweekly (26 pay periods) ~$1,050 Weekly ~$525 Hourly equivalent (after tax) ~$13.13...