Understanding Your Pay
How to calculate hourly rate from annual salary?
To calculate your hourly rate, divide your annual salary by the total number of working hours in a year.
The standard formula is:
Annual Salary ÷ (Hours/Week × 52)
For a standard 40-hour work week, you divide your salary by 2,080 (40 hours × 52 weeks).
How to calculate annual salary from hourly wage?
To find your annual salary, multiply your hourly wage by the number of hours you work per week, then multiply by 52.
The standard formula is:
Hourly Wage × Hours/Week × 52
Example: If you make $25/hour working 40 hours a week: $25 × 2080 = $52,000/year.
Common Salary Conversions (40hr/week)
| Hourly | Annual | Monthly |
|---|---|---|
| $15.00 | $31,200 | $2,600 |
| $20.00 | $41,600 | $3,466 |
| $25.00 | $52,000 | $4,333 |
| $30.00 | $62,400 | $5,200 |
| $40.00 | $83,200 | $6,933 |
| $50.00 | $104,000 | $8,666 |
| $60.00 | $124,800 | $10,400 |
| $75.00 | $156,000 | $13,000 |
| $100.00 | $208,000 | $17,333 |