How to Calculate Your Gross Monthly Income?

After learning a bit more about gross monthly income, we’ve come to the interesting part – how to calculate it! This is determined by how you are paid - whether it is on an annual or hourly basis. A salaried employee is paid a fixed amount that is usually divided over a year. If you're paid by the hour, also known as a wage employee, your payment will vary depending on how many hours you work. Depending on this, let’s take a look at the two different ways in which the gross monthly income can be calculated.