To convert an annual salary of $70,000 to an hourly wage, you can use this formula: Hourly wage = Annual salary ÷ (Hours worked per week × Weeks worked per year)
Common assumptions:
- Hours worked per week: 40
- Weeks worked per year: 52 (no unpaid time off)
Calculation:
Hourly wage = $70,000 ÷ (40 × 52)
Hourly wage = $70,000 ÷ 2,080
Hourly wage ≈ $33.65 per hour So, if you earn $70,000 a year and work
full-time (40 hours a week), you make about $33.65 per hour.
