Best way to estimate salary based on hourly rate?

[pontifex]

I generall do hourly rate x 8 x 5 x 52

is there a better way to estimate this?

 

[Doodoo]

doubling the hourly rate should give you a rough estimate for annual salary.

 

[rudeguy]

last year's W2

 

[ProfJohn]

Depends on how many hours the salary is based on.

Mine is based on a 45 hour week so it works differently that what you gave.

Mine = rate x 45 x 52

 

[sjwaste]

hourly * 2080

 

[pontifex]

last year's W2

how do i get last year's w2 from a job i don't have yet?

 

[Jadow]

2080 hours in a year for a 40 hr work week

 

[rudeguy]

how do i get last year's w2 from a job i don't have yet?

You're going to need a Delorean.....

 

[pontifex]

hourly * 2080

that's just the same thing I do except you already know the total # of hours that 8x5x52 is.

 

[BarkingGhostar]

If you are on a salary then you might want to find out if you are Exempt or Non-Exempt and the conditions therin.

 

[sciencewhiz]

That works as long as you work 40 hour weeks and have paid holidays, vacations and sick time.

 

[Fenixgoon]

salary ~~ hourly*2000 (for a typical 40 hour week)

 

[Corporate Thug]

wow, everyone here works all 52 weeks?

 

[Farang]

Technically, for full-time work Hourly*2080.

I usually just take the hourly and double it to get the salary, because in most hourly jobs you won't always hit 40 hours exactly (and overtime won't make up for it). So $17 per hour is 17x2=34 or $34k per year.

 

[kranky]

doubling the hourly rate should give you a rough estimate for annual salary.

That's the "best" and fastest way to estimate.
$20/hour = approx $40K/year

 

[Jadow]

wow, everyone here works all 52 weeks?

get paid for them all

 

[Leros]

hourly * 2000

normal 40 hour work week with two weeks of vacation

 

[JulesMaximus]

You're going to need a Delorean.....

...and some plutonium.

 

[JulesMaximus]

hourly * 2000

normal 40 hour work week with two weeks of vacation

Only if the vacation is unpaid. Should be hourly x 2080.

 

[nerp]

wow, everyone here works all 52 weeks?

I don't know about you, but I get paid every two weeks no matter how much I work or if I'm on vacation.

 

[sdifox]

hourly rate*2 ~= x K annual

 

[TuxDave]

Only if the vacation is unpaid. Should be hourly x 2080.

What about overtime?? Or if you're a consultant and you're getting paid $200/hr for the next month for a project but then have nothing else lined up for the rest of the month. 😛

Either way, hourly x 2K is what I do for a rough estimate.

 

[TuxDave]

I don't know about you, but I get paid every two weeks no matter how much I work or if I'm on vacation.

Are you hourly? So how many hours do you submit when you go on vacation?

 

[SSSnail]

After some careful calculations, my salary came out to be about tree fiddy; not enough,

 

[Leros]

Only if the vacation is unpaid. Should be hourly x 2080.

I suppose. I like to know the number of dollars I earn per hour of work I do.