Angular momentum is calculated based on the axis of rotation, which is crucial for determining both moment of inertia and angular velocity. The equation for angular momentum, expressed as L = Iω, highlights the dependence on the chosen axis. The moment of inertia varies with the axis, affecting the overall angular momentum. The infographic in the linked Wikipedia article illustrates how angular momentum is represented as a vector in three dimensions, emphasizing the importance of the rotation axis. Understanding these relationships is essential for accurate calculations in physics.