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    Rotten0918's Avatar
    Rotten0918 Posts: 1, Reputation: 1
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    #1

    Jun 19, 2008, 08:02 AM
    Hourly rate of a salaried employee
    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:
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #2

    Jun 19, 2008, 08:04 AM
    How many hours a week do they wor? The formula is:

    Annual salary/52/hours per week
    Wildsporty's Avatar
    Wildsporty Posts: 445, Reputation: 38
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    #3

    Jun 26, 2008, 10:41 AM
    Quote 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:

    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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