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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.
Definition. Total amount of income earned annually. Gross annual income represents the amount of money a person earns in one year from all sources before taxes. When preparing an income tax return, the gross annual income figure is the base figure with which to start.ross annual income represents the amount of money a person earns in one year from all sources before taxes. When preparing an income tax return, the gross annual income figure is the base figure with which to start.