How to Calculate an Hourly Rate from an Annual Salary
Have you ever tried to calculate how much you get paid per hour based on your annual salary? While it may not seem important, your hourly rate can be a good indicator of how much you can charge for doing freelance work. Read on for a simple calculation.
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Instructions
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Take your annual salary and divide it by two. Let's assume you make $50,000 per year. You would divide 50,000 by 2 to get 25,000.
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Remove three zeros from the figure you calculated in Step 1. For this example, the result would be 25. Based on an annual salary of $50,000, the hourly rate would be $25.
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These calculations are based on an annual salary for a standard 40 hour work week. Before calculating an hourly rate, you must convert your annual salary to a 40 hour workweek. For example, if you work 20 hours per week, and your annual salary is $20,000, your converted annual salary for a 40 hour workweek would be $40,000.
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