To calculate how much an hourly wage translates to annually, you can use this formula: Annual Salary = Hourly Wage × Hours per Week × Weeks per Year
Common Assumptions:
- Hours per Week: 40 (full-time)
- Weeks per Year: 52 (no unpaid time off)
Example Calculation
If you earn $1 per hour , your annual salary would be:
1 dollar/hour×40 hours/week×52 weeks/year=2,080 dollars/year1\text{ dollar/hour}\times 40\text{ hours/week}\times 52\text{ weeks/year}=2,080\text{ dollars/year}1 dollar/hour×40 hours/week×52 weeks/year=2,080 dollars/year
General Formula
Hourly Wage| Annual Salary (40 hrs/week, 52 weeks/year)
---|---
$10| $10 × 40 × 52 = $20,800
$15| $15 × 40 × 52 = $31,200
$20| $20 × 40 × 52 = $41,600
If you want me to calculate a specific hourly wage to yearly salary, just tell me the hourly rate!
