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... :eek:

How many hours a week do they wor? The formula is:

Annual salary/52/hours per week

Quote:

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Originally Posted by Rotten0918

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....:eek:

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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