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Instead, your annual pay is the amount of money that you actually make throughout the course of the year. If you are paid on an hourly basis and your hourly rate of pay is $10 per hour, that computes to a base rate of pay of about $20,800 per year.However, if you work a significant amount of overtime throughout the year, your annual pay might be substantially more, perhaps $25,000 per year.f you are paid on an hourly basis and your hourly rate of pay is $10 per hour, that computes to a base rate of pay of about $20,800 per year. However, if you work a significant amount of overtime throughout the year, your annual pay might be substantially more, perhaps $25,000 per year.
Base pay and annual pay are terms that are often used interchangeably when referring to the amount money someone makes. However, the two terms do have slightly different meanings. The annual pay that a person typically receives generally exceeds the base pay, but this depends upon the additional types of compensation included in your individual pay plan.