To find out how much $38,000 a year is per hour, you can follow these steps:
Step 1: Determine the number of work hours in a year
- Typically, a full-time job has 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 wage
- Annual salary = $38,000
- Hourly wage = Annual salary ÷ Total work hours
- Hourly wage = $38,000 ÷ 2,080 ≈ $18.27 per hour
Final Answer:
$38,000 per year is approximately $18.27 per hour based on a standard 40-hour workweek.