How to Calculate Salary Per Hour
Salaried workers are generally paid a set wage each period. This amount usually changes only if you have had an adjustment in pay, such as a change in your deductions or a salary increase. When your employer hired you, he probably gave you your annual salary instead of your hourly rate. Consequently, you probably got accustomed to acknowledging your pay on a salary basis, instead of hourly. But circumstances, such as when completing a job or loan application, might require you to state your salary per hour.
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Instructions
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Obtain a statement of your yearly gross salary. This is your earnings for the entire year, before deductions.
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Figure your work hours for the year. Salaried employees are generally paid 40 hours per week, which includes holidays and paid time off. Calculate as follows: 40 x 52 weeks = 2,080 hours.
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Divide yearly salary into yearly hours. For instance, $50,000 / 2,080 = $24.04 per hour.
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Tips & Warnings
Calculate salary per hour based on pay period frequency. For instance, based on a biweekly pay period, calculate as follows: $50,000 / 26 pay periods = $1,923.08 (pay period amount) / 10 days = $192.31 (daily rate) / 8 hours = $24.04 (hourly rate).
If no work was performed during a given week, for which you were not paid, subtract that week from the overall number of weeks in the calendar year.
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