How to convert hourly pay to salary
Yearly salary = hourly wage × hours per week × paid weeks per year. At 40 hours and 52 weeks that is 2,080 hours, so $25 an hour is $52,000 a year. To go the other way, divide the salary by the same number of hours.
Quick rule of thumb
For a full-time job, double the hourly wage and add three zeros: $20/hour ≈ $40,000/year. It is slightly low because 2,080 hours is a bit more than 2,000.
Unpaid time off
If you take two weeks unpaid, set paid weeks to 50. Part-time? Change hours per week. All results are gross pay before tax and deductions.
FAQ
How much is $20 an hour a year?
About $41,600 at 40 hours a week for 52 weeks.
How many work hours are in a year?
2,080 at 40 hours a week for 52 weeks.
Is this before or after tax?
Before tax. Taxes depend on your country and situation.