Salary increase (pay raise)
salary_increaseCalculate a pay raise: the new annual and hourly pay, the raise per year, month and biweekly paycheck, the raise as a percentage, and whether it keeps up with inflation. Give either raise_percent (a percentage raise on current pay) or new_pay (the new pay, from which the percentage is worked out), and the pay as per year or per hour. Use hourly_to_salary instead to convert between pay periods without a raise, and us_paycheck_take_home for take-home pay after tax. All amounts are before tax.
Input Schema
| Name | Required | Description | Default |
|---|---|---|---|
| new_pay | No | The new pay in US dollars, per year or per hour according to pay_unit. Give this or raise_percent. | |
| pay_unit | No | Whether current_pay and new_pay are per year or per hour. Default year. | year |
| current_pay | Yes | Current pay in US dollars, per year or per hour according to pay_unit. | |
| raise_percent | No | The raise as a percentage of current pay, for example 4 for 4%. Give this or new_pay. | |
| hours_per_week | No | Hours worked per week, to move between hourly and yearly pay (52 weeks a year). Default 40. | |
| inflation_percent | No | Expected yearly inflation as a percentage, to show the raise in real terms. Default 3.7 (US CPI-U, 12 months to September 2026). |
Output Schema
| Name | Required | Description | Default |
|---|---|---|---|
| inputs | Yes | The inputs as used, with defaults filled in. | |
| results | Yes | The computed numbers. Unavailable numbers are null. | |
| summary | Yes | One or two plain sentences with the headline numbers. | |
| calculator_url | Yes | The TeamPredict calculator page that shows the same calculation, where a person can change the inputs. |