How do I calculate my gross monthly income?

 How Do I Calculate My Gross Monthly Income?

How do I calculate my gross monthly income?  Use the formulas below.

  • Yearly–  Take your yearly gross pay and divide it by 12 months.
  • Monthly– If you are paid monthly, then your gross pay is your gross monthly income.
     How do I calculate my gross monthly income?image shadow How do I calculate my gross monthly income?

  • Semi-Monthly– Multiply your gross income by 2.
  • Bi-Weekly– Multiply your gross income by 26, then divide it by 12
  • Weekly– Multiply your gross income by 52 (weeks per year) and then divide it by 12 (months per year)
  • Hourly– Multiply your hourly income by the amount number of hours you work a week.  Then multiply that amount by 52 (weeks per year) and divide it by 12 (months per year)

Gross income: Your gross income is how much you make before taxes, or any other deductions are taken out.

About the Author

Paul BayarenaPaul Bayarena originally joined Austin Capital Mortgage in 2001, after leaving Janus Capital, and quickly became one of their top mortgage consultants, and is readily recognized for his innovative thinking.Mr. Bayarena takes a financial planning approach when consulting his clients, understanding that each client is unique in their long term and short term needs.In doing so, Mr. Bayarena has established and maintained long term relationships with his clients, which has allowed him to become a referral based consultant.[schema type="person" name="Paul Bayarena" orgname="Austin Capital Mortgage" jobtitle="Loan Officer" url="http://texasmortgagelender.com/" description="Texas mortgage loan officer for Austin Capital Mortgage" street="6836 Bee Caves Road" city="Austin" state="TX" postalcode="78746" country="US" email="paul@austincapitalmortgage.com" phone="512-524-9414" ]View all posts by Paul Bayarena →

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