How do I figure out what my annual income is?
Multiply the number of hours you work per week by your hourly wage. Multiply that number by 52 (the number of weeks in a year). If you make $20 an hour and work 37.5 hours per week, your annual salary is $20 x 37.5 x 52, or $39,000.
What do you do if you don’t know your annual income?
If you are paid a weekly salary, but don’t know your yearly income, multiply the weekly salary by the number of weeks you work in a year. For a monthly salary, multiply by 12 to calculate annual income.
How do I find my gross annual income on my w2?
Your gross income stated in Box 1 of your W-2 is essential in filing your taxes, as it shows your wages subject to federal income tax. Boxes 3 and 5 of the W-2 show your gross income that is subject to Social Security and Medicare taxes.