To calculate the hourly rate from an annual salary, the common formula is:

Hourly rate=Annual salaryHours worked per week×52\text{Hourly rate}=\frac{\text{Annual salary}}{\text{Hours worked per week}\times 52}Hourly rate=Hours worked per week×52Annual salary​

where 52 is the number of weeks in a year. Assuming a standard full-time schedule of 40 hours per week, the hourly rate for a given annual salary can be calculated by dividing the annual salary by (40 × 52) = 2080 hours. For example:

• For an annual salary of $50,000, the hourly rate is:

50,00040×52=50,0002080≈24.04 per hour\frac{50,000}{40\times 52}=\frac{50,000}{2080}\approx 24.04\text{ per hour}40×5250,000​=208050,000​≈24.04 per hour

• For $40,000 per year, the hourly rate is approximately $19.23.
• For $45,000 per year, about $21.63 per hour.

These calculations assume you work 40 hours per week and 52 weeks per year without unpaid leave

. If you work a different number of hours per week or weeks per year, adjust the divisor accordingly. In summary, to find the hourly rate for any annual salary:

1. Determine your total working hours per year (hours per week × weeks per year).
2. Divide your annual salary by this total number of hours.

This gives your equivalent hourly wage before taxes and deductions