This calculator is a tool to determine borrowers' annual income from the income that has been accruing for less than a full year accrued year to date.
- The date range “Number of days elapsed” includes the start date but excludes the end date.
- It is assumed that there are 52 weeks and 26 fortnights in a year (364 days in a year). In the calculation the numbers of weeks and fortnights will be rounded up to an integer rather than using a decimal.
- The calculator doesn't convert between gross and net income. If the input is gross income, the result is gross income.