To convert an hourly wage to an annual salary, you can use the following formula: Annual Salary = Hourly Wage × Hours per Week × Weeks per Year
Common Assumptions:
- Hours per Week: 40 (full-time)
- Weeks per Year: 52 (no unpaid time off)
Example Calculation:
If you earn $X per hour , then:
Annual Salary=X×40×52=X×2080\text{Annual Salary}=X\times 40\times 52=X\times 2080Annual Salary=X×40×52=X×2080
Quick Reference Table:
Hourly Wage| Annual Salary (40 hrs/week)
---|---
$10| $20,800
$15| $31,200
$20| $41,600
$25| $52,000
$30| $62,400
If you provide your hourly wage, I can calculate the exact annual salary for you!
