To calculate how much $48,000 a year is per hour, you can follow these steps:
Step 1: Determine the number of work hours in a year
- A typical full-time work schedule is about 40 hours per week.
- There are 52 weeks in a year.
- So, total work hours per year = 40 hours/week × 52 weeks/year = 2,080 hours/year.
Step 2: Calculate hourly rate
- Annual salary = $48,000
- Hourly rate = Annual salary ÷ Total work hours
- Hourly rate = $48,000 ÷ 2,080 hours ≈ $23.08 per hour
Summary:
If you earn $48,000 a year and work full-time (40 hours per week), your hourly wage is approximately $23.08 per hour.
