To calculate how much $18 an hour is per year, you need to know how many hours you work in a year. Here's a common way to estimate it:
Step 1: Determine hours worked per week
- Typical full-time workweek: 40 hours
Step 2: Calculate hours worked per year
- Weeks per year: 52
- Total hours per year = 40 hours/week × 52 weeks/year = 2080 hours/year
Step 3: Calculate annual salary
- Hourly wage: $18/hour
- Annual salary = $18/hour × 2080 hours/year = $37,440 per year
Summary:
$18 an hour ≈ $37,440 per year (assuming full-time work, 40 hours per week, 52 weeks per year). If you work fewer hours or take unpaid time off, the annual amount will be less.
