How do you calculate your yearly salary?

[ivol07]

Is it:

Hourly Wage x Hours Worked per week x four weeks x twelve months
example:
20x40x4x12=38,400

or is it:

Hourly Wage x Hours Worked per week x 52 weeks
example:
20x40x52=41,600

I've seen it done both ways. So which is it?

 

[notfred]

A year has 52 weeks, not 48.

 

[Aves]

Hourly Rate * 2080

 

[Electric Amish]

Hourly wage X 2080

2080= total hours of full time work in a year.

 

[minendo]

Assume 50 work weeks per year.

Hourly rate x 40hrs/week x 50 weeks/year.

 

[TooOne21]

(Hourly wage x 80 hours) x 26 weeks = Still not enough money!

Edit: forgot the brackets.

 

[KK]

I wait till the end of the year and look on my last paycheck, It's labeled either YTD Net Pay or YTD Gross Pay.

KK

 

[ivol07]

thanks!

 

[dquan97]

Did you know the regular work week in France is only 1459hrs per year? (Source: Business Week)

 

[isaacmacdonald]

it should be 52 weeks.

edit:

or at least 50. If you get paid for 48 weeks, you're hopefully taking 4 weeks off unpaid plus vacation.

 

[conjur]

Originally posted by: dquan97
Did you know the regular work week in France is only 1459hrs per year? (Source: Business Week)

Damn lazy frogs.

 

[Viper GTS]

Originally posted by: Electric Amish
Hourly wage X 2080

2080= total hours of full time work in a year.

Simple and correct.

Use it.

Viper GTS

 

[Scarpozzi]

I'm paid monthly so for me it's:

Gross Pay X 12 = Yearly salary

 

[minendo]

Originally posted by: Viper GTS

Originally posted by: Electric Amish
Hourly wage X 2080

2080= total hours of full time work in a year.

Simple and correct.

Use it.

Viper GTS

What about unpaid holidays?

 

[notfred]

Originally posted by: minendo

Originally posted by: Viper GTS

Originally posted by: Electric Amish
Hourly wage X 2080

2080= total hours of full time work in a year.

Simple and correct.

Use it.

Viper GTS

What about unpaid holidays?

Sucks for you

 

[Aves]

Originally posted by: minendo
What about unpaid holidays?

Subtract (hourly rate * 8) for each one? Luckily we don't have any of those were I work.

 

[Viper GTS]

Originally posted by: minendo

Originally posted by: Viper GTS

Originally posted by: Electric Amish
Hourly wage X 2080

2080= total hours of full time work in a year.

Simple and correct.

Use it.

Viper GTS

What about unpaid holidays?

That is the standard formula for calculating yearly salary.

Real jobs pay holiday pay for holidays.

Viper GTS

 

[Ghamu]

Originally posted by: Viper GTS

Originally posted by: minendo

Originally posted by: Viper GTS

Originally posted by: Electric Amish
Hourly wage X 2080

2080= total hours of full time work in a year.

Simple and correct.

Use it.

Viper GTS

What about unpaid holidays?

That is the standard formula for calculating yearly salary.

Real jobs pay holiday pay for holidays.

Viper GTS

..Ouch, just because you don't get full benifits doesn't mean you can't earn a lot of money (consulting, etc), and furthermore, just because you don't make a lot or have great benifits, doesn't make it not a REAL job. ....Right?

 

[alkemyst]

you can do weekly x 4.3325 x 12, that's what a bank does usually....

there are many ways that are all correct depending on what you want to show, gross/net, monthly, yearly, daily, etc.

The only real way is what the W2 shows at the end of the year

 

[minendo]

Originally posted by: Viper GTS
That is the standard formula for calculating yearly salary.

Real jobs pay holiday pay for holidays.

Viper GTS

I guess I don't have a real job then.

 

[alkemyst]

Originally posted by: Ghamu

..Ouch, just because you don't get full benifits doesn't mean you can't earn a lot of money (consulting, etc), and furthermore, just because you don't make a lot or have great benifits, doesn't make it not a REAL job. ....Right?

Consulting wouldn't qualify as a REAL job in this case. The only real way to figure out a yearly salary if you are consulting is estimation.

 

[StageLeft]

Hourly rate times around 2k for a use number.

 

[Spooner]

I'm in consulting and I think my job qualifies as a real job.

I work for a Big Four Professional Services firm, though...... so i'm not on my own

 

[Electric Amish]

Originally posted by: minendo

Originally posted by: Viper GTS

Originally posted by: Electric Amish
Hourly wage X 2080

2080= total hours of full time work in a year.

Simple and correct.

Use it.

Viper GTS

What about unpaid holidays?

What's an "unpaid holiday"??

 

[BornStar]

Originally posted by: Skoorb
Hourly rate times around 2k for a use number.

That's how I do it if I just want to get a basic idea. Its incredible how a low hourly wage actually works out to be a very decent salary.