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The purpose of this Wage Calculator is to convert salary to an hourly paycheck while factoring in all benefits and other related costs. This makes the math easy so you can compare apples to apples and know which employer is making the best offer. Enter the total amount you want to pay the employee for the Semester, 9 month Academic Year or Calendar Year. OR Enter the biweekly rate - the rate to input will appear below. Mar 21, 2007 · 2) 30,000 / 12 = $2500 per month gross income. The reason I asked is because in my current job, the math works out like in option #1. I get paid bi-weekly and calculated using the gross income value. But in my new job, the offer letter states my annual and monthly income in which the monthly income math works out like option #2.