How to Calculate Annual to Hourly Salary
Salaried employees generally receive a set wage per pay period, which can make up all or part of their pay. The salary should be a guaranteed amount of pay that the employee can count on each pay period. As a salaried employee, upon hiring you, your employer probably gave you an annual salary instead of an hourly rate. Your pay each payroll period is generally based on your annual salary. With the appropriate formula, you can calculate your hourly pay
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Instructions
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1
Divide your annual salary by the number of pay periods in the year. A weekly payroll has 52 pay periods and a biweekly payroll has 26. The result is your pay per pay period.
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2
Divide the result from Step 1 by the number of work days in the pay period. For example, a weekly payroll has five work days and a biweekly payroll has 10. The result is your daily pay.
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3
Divide the result from Step 2 by the number of work hours in the day, typically, eight. The result is your hourly pay.
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Tips & Warnings
Salaried employees are usually paid for 2,080 work hours in a calendar year, which includes benefit days such as holiday and vacation time for which they are paid. To determine the work hours per pay period, divide 2080 by the number of pay periods in the year. For example, the calculation for a weekly pay period is 2080 hours divided by 52 weeks equals 40 work hours for the week.
References
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