To calculate the salary per hour is not that complicated. There are a few steps that you need to consider for successful calculations. Check them out:
Step 1: multiply the weekly hours by the total number of work weeks a year.
For instance, a 40-hour work week multiplied by 52 weeks in a year equals 2080 hours.
Number of hours per year = Number of work hours per week * Number of weeks worked per year.
Step 2: divide the annual salary by the total number of hours worked annually.
For example, $55,000 / 2,080 = $24.03.
Hourly Rate = Annual Salary / Total number of work hours worked yeary
Note: You need also to take in consideration: Do you work on holidays, do you get paid PTO, or do you work overtime? On the examples provided below we didn't took in condiseration these aspects that might change the overall values. Still you got the formulas below so that you can adjust to make the correct calculation.
| Hourly | $ |
| Daily | $ |
| Weekly | $ |
| Bi-weekly | $ |
| Semi-monthly | $ |
| Monthly | $ |
| Quarterly | $ |
| Annual | $ |
The salary calculator will calculate the amount you're looking to find out based on the frequency it is paid. By default, the salary is calculated as a per-hour frequency, yet you can change it to daily, weekly, monthly, or annually, and the results will change accordingly.
Note: When calculating the amounts, if you took unpaid leave, you must change the number of work weeks (by default, 52 weeks). Also, if you work different work hours per week, you must update this field (by default, 40 hours).
To determine the salary per day, divide the annual wage by the number of working days in a year. The formula is:
To convert salary to an hourly rate, divide your annual wage by the amount of hours worked in a year. The formula gives you the equivalent hourly wage.
To calculate the hourly rate for a $55,000 yearly salary, you need to know the number of hours worked in a year. Let's assume an average of 2,080 hours worked in a year (40 hours per week for 52 weeks). Using this assumption:
To convert $55,000 annually in other time units: monthly, biweekly, semimonthly, weekly, daily, and hourly?
To convert an hourly wage to an annual income figure, follow these steps:
What is the math behind converting hourly to annual income?
The overall formula for converting hourly to annual income is the following:
Annual Income = Hourly Wage * Hours Worked Per Week * Weeks Worked Per Year.
Let's see three examples of how it can be implemented:
Example 1:
Annual Income = $20 * 40 * 52 = $41,600
Example 2:
Annual Income = $25 * 37.5 * 48 = $45,000
Example 3:
Annual Income = $30 * 45 * 50 = $67,500
The hourly-to-salary conversion provides the gross income figure, and the net income will depend on the specific deductions applied to the salary.
a) If you work 40 hours per week:
Annual Income = $4,800 * 12 months = $57,600
b) If you work 37.5 hours per week:
Annual Income = ($4,800 / (37.5 * 4)) * 52 weeks = $66,133.33
What is the hourly rate?
The hourly rate refers to the amount of money an employee earns per hour worked. It is the payment rate for each hour of work performed.
When you're looking for a quick reference about a specific conversion from hourly to annual, we do provide the calculations in the table below.
| Hourly Wage | Weekly (40h) | Bi-Weekly | Monthly | Annual |
|---|---|---|---|---|
| $10 | $400 | $800 | $1,732 | $20,800 |
| $15 | $600 | $1,200 | $2,598 | $31,200 |
| $20 | $800 | $1,600 | $3,464 | $41,600 |
| $25 | $1,000 | $2,000 | $4,330 | $52,000 |
| $30 | $1,200 | $2,400 | $5,196 | $62,400 |
| $35 | $1,400 | $2,800 | $6,062 | $72,800 |
| $40 | $1,600 | $3,200 | $6,928 | $83,200 |
| $45 | $1,800 | $3,600 | $7,794 | $93,600 |
| $50 | $2,000 | $4,000 | $8,660 | $104,000 |
| $55 | $2,200 | $4,400 | $9,526 | $114,400 |
| $60 | $2,400 | $4,800 | $10,392 | $124,800 |
| $65 | $2,600 | $5,200 | $11,258 | $135,200 |
| $70 | $2,800 | $5,600 | $12,124 | $145,600 |
| $75 | $3,000 | $6,000 | $12,990 | $156,000 |
| $80 | $3,200 | $6,400 | $13,856 | $166,400 |
| $85 | $3,400 | $6,800 | $14,722 | $176,800 |
| $90 | $3,600 | $7,200 | $15,588 | $187,200 |
| $95 | $3,800 | $7,600 | $16,454 | $197,600 |
| $100 | $4,000 | $8,000 | $17,320 | $208,000 |
| $105 | $4,200 | $8,400 | $18,186 | $218,400 |
| $110 | $4,400 | $8,800 | $19,052 | $228,800 |
| $115 | $4,600 | $9,200 | $19,918 | $239,200 |
| $120 | $4,800 | $9,600 | $20,784 | $249,600 |
Your annual salary, at $15 per hour, would be $31,200. Explanation $15 * 2,080 hours = $31,200.
20 an hour is how much a year?
Your annual salary, at $20 per hour, would be $41,600. Explanation $20 * 2,080 hours = $41,600.
22 an hour is how much a year?
Your annual salary, at $22 per hour, would be $45,760. Explanation $22 * 2,080 hours = $45,760.
24 an hour is how much a year?
Your annual salary, at $24 per hour, would be $49,920. Explanation $24 * 2,080 hours = $49,920.
25 an hour is how much a year?
Your annual salary, at $25 per hour, would be $52,000. Explanation $25 * 2,080 hours = $52,000.
27 an hour is how much a year?
Your annual salary, at $27 per hour, would be $56,160. Explanation $27 * 2,080 hours = $56,160.
28 an hour is how much a year?
Your annual salary, at $27 per hour, would be $31,200. Explanation $28 * 2,080 hours = $58,240.
30 an hour is how much a year?
Your annual salary, at $30 per hour, would be $62,400. Explanation $30 * 2,080 hours = $62,400.
35 an hour is how much a year?
Your annual salary, at $35 per hour, would be $72,800. Explanation $35 * 2,080 hours = $72,800.
40000 a year is how much an hour?
Your hourly wage would be $19.23 if your annual salary is $40,000. Explanation: $40,000/2,080 = $19.23.
45000 a year is how much an hour?
Your hourly wage would be $21.63 if your annual salary is $45,000. Explanation: $45,000/2,080 = $21.63.
50000 a year is how much an hour?
Your hourly wage would be $24 if your annual salary is $50,000. Explanation: $50,000/2,080 = $24.
60000 a year is how much an hour?
Your hourly wage would be $28.84 if your annual salary is $60,000. Explanation: $60,000/2,080 = $28.84.
70000 a year is how much an hour?
Your hourly wage would be $33.65 if your annual salary is $70,000. Explanation: $70,000/2,080 = $33.65.
75000 a year is how much an hour?
Your hourly wage would be $36.06 if your annual salary is $75,000. Explanation: $75,000/2,080 = $36.06.
80000 a year is how much an hour?
Your hourly wage would be $38.46 if your annual salary is $80,000. Explanation: $80,000/2,080 = $38.46.
90000 a year is how much an hour?
Your hourly wage would be $42.27 if your annual salary is $90,000. Explanation: $90,000/2,080 = $43.27.
100k a year is how much an hour?
Your hourly wage would be $48.07 if your annual salary is $100,000. Explanation: $100,000/2,080 = $48.07.
Your yearly compensation, assuming you earn $1,200 per week, is $62,400. In order to get this answer, multiply the weekly value by 52 weeks.
Key takeaways