# How much is 700 a week annually?

If you’re looking for a job and you see one that advertises a salary of 700 per week, how much is that annually? Many people would think it’s 42,000 annually. However, the correct answer is about 20% less, or 36,800 annually.

This article will explain what an annual salary means and how to calculate the annual equivalent of any given weekly payment.

## What does an annual salary mean?

The annual salary is the total amount you earn over the course of a year. It’s not based on what you earn per week or per month but on the total amount you earn from January 1 to December 31.

If you earn $41,600 per year, that means you earn that amount for every 12-month period (from January 1 to December 31). So, if you earn $41,600 per year, then you earn $3,080 per month and $41,600 divided by 12 months is $3,080.

That means the $41,600 annual salary is the same as the $3,080 monthly salary and the $41,600 annual salary is the same as the $700 weekly salary. **They’re all the same amount but they’re based on different time periods.**

Converting a weekly wage to an annual wage

The easiest way to convert a weekly wage to an annual salary is to use a calculator like the one found at Salary.com or the one found at Money Crashers.

If you want to calculate it manually, you can do the following:

- First, you need to decide what type of salary you want the annual equivalent to be. Do you want it to be a monthly salary, a bi-weekly salary, or a weekly salary?
- Next, you need to know how many pay periods are in the year. A pay period is the time between one paycheck and the next. In the U.S., there are always two pay periods per month and 26 pay periods per year.

## What about bi-weekly salaries?

In the U.S. and Canada, salaries are usually paid monthly. So, if you earn a monthly salary, you convert it to an annual salary by multiplying it by 12. However, in the U.K. and Australia, salaries are usually paid bi-weekly (every two weeks). So, if you earn a bi-weekly salary, you need to multiply it by 24 to get the annual equivalent.

For example, let’s say you earn £30,000 per year in the U.K. After doing the math, you’ll find that your bi-weekly salary is £1,250 per paycheck. If you want to convert your monthly salary to an annual salary,** you multiply it by 24.** So, £30,000 multiplied by 24 is £72,000.

## What about monthly salaries?

As noted above, if you earn a monthly salary, you just multiply it by 12 to get the annual equivalent.

For example, let’s say you earn $53,000 per year in the U.S. and you want to know how much you earn per month. After doing the math, you’ll find that your monthly salary is $4,166.33. If you want to convert your annual salary to an annual salary, you multiply it by 12. So, $53,000 multiplied by 12 is $66,000.

## How to calculate the annual equivalent of any pay period

If you have a weekly or bi-weekly wage, you can figure out its annual equivalent by multiplying it by 52 or by 24. If you have a monthly wage, you can figure out its annual equivalent by multiplying it by 12.

For example, let’s say you earn $700 per week. You can calculate the annual equivalent of your weekly wage by multiplying it by 52: $700 multiplied by 52 is $35,200. **But, if you earn $700 per week and you want to know how much you earn per month, you multiply it by 12. $700 multiplied by 12 is $8,400.**

When you’re looking for a new job, it’s important to know how much different jobs pay. But, it’s also important to understand what that pay means. What does a weekly wage of $700 mean? And, more importantly, what’s the annual equivalent of that?

If you’re lucky, you’ll be offered a salary as a wage. But, more commonly, you’ll be offered a wage on a per-week or per-month basis. When this happens, you need to know how to convert that to an annual salary.

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