To calculate an annual salary from an hourly wage of $40 per hour, you can use the following steps:
Calculation
-
Determine hours worked per week:
Typically, a full-time job is about 40 hours per week. -
Calculate weekly earnings:
$40/hour × 40 hours/week = $1,600 per week -
Calculate annual earnings:
There are 52 weeks in a year, so:
$1,600/week × 52 weeks/year = $83,200 per year
Summary
- Hourly wage: $40/hour
- Annual salary (full-time, 40 hours/week): $83,200
If you work more or fewer hours per week, or take unpaid time off, your annual salary would adjust accordingly.
