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Hourly rate of a salaried employee
Asked Jun 19, 2008, 08:02 AM
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2 Answers I am needing to figure out an employee's hourly rate by taking his total income from last year, and divide or multiply it by 52 and times or divide by 12....HELP I can't figure out the math....  |
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Rotten- If employee works 40 hours a week you take 40 hours X 52 weeks = 2080 hours in a year. If employee's annual salary is 40,000 you than divide 40,000 by 2080 to come up with the hourly wage of 19.23. Formula: Hours per week multiplied by 52 = annual hours Annual salary divided by annual hours = hourly wage Shirley | ||||
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