how much do you make per hour? use this equation

[Dear Summer]

Annual salary / 2000 = ?

 

[SSSnail]

Tree fiddy.

 

[BassBomb]

18 (current coop term)

still in university

 

[Engineer]

Annual salary / 2000 = ?

Annual salary / 2080 (and some cases 2088 or 2092 depending on how the extra one (or two during a leap year) days line up).

*** assumption that working hours = hours on the job + any day paid for (vacation, holidays, etc) and is based on a standard 40 hour per week (8 hours per day) work week.

Edit: because I suck at the math.

 

[DrPizza]

Let's make it more fun:
Annual salary / (2085 + total annual commute time)

2085 = 5/7 (365) * 8

edit: since a typical full-time non-salaried employee's day is 8 hours long, but 1/2 hour lunch isn't paid for, 5/7 (365)*7.5 = 1955

 

[soulcougher73]

25.75

 

[Imp]

About $22/hour.

 

[AndroidVageta]

$0

 

[nickbits]

I only work a 35 hr week

 

[RKS]

$11.37/hour

pro-tip: don't go to law school.

 

[Dear Summer]

$11.37/hour

pro-tip: don't go to law school.

how much student loan debt do you have?

 

[Farang]

$56,160,000

damn I don't know how you people live on these wages

 

[Dear Summer]

$56,160,000

damn I don't know how you people live on these wages

you accidentally put in 3 zeros

 

[LuckyTaxi]

woohoo $35

 

[pontifex]

Let's make it more fun:
Annual salary / (2085 + total annual commute time)

2085 = 5/7 (365) * 8

edit: since a typical full-time non-salaried employee's day is 8 hours long, but 1/2 hour lunch isn't paid for, 5/7 (365)*7.5 = 1955

huh? I am at work for 8.5 hours per day. 8 hours work, 1/2 hour unpaid lunch.
so 2080 makes more sense...unless i'm missing something.

 

[rcpratt]

$34

 

[YOyoYOhowsDAjello]

you accidentally put in 3 zeros

Right, because clearly $56,160 is a reasonably hourly pay rate

 

[RKS]

how much student loan debt do you have?

enough to consider giving the bank my first-born.

I didn't know people were expecting actual/true figures...

I have a pretty easy job. I probably work 35 hours/week (which is on the high-end for our firm), flexible hours, no weekends, and almost get to operate as a sole proprietor. My clients are my business and I am responsible for their legal issues. In all honesty I make a comfortable living and while I don't have my GTR yet, it's isn't unfathomable.

 

[Printer Bandit]

$61

 

[Nik]

I hate you all.

 

[jlee]

$21.20.

 

[YOyoYOhowsDAjello]

$18

First real job out of college. Great co-workers, lots of vacation, good benefits, I enjoy the work. I guess the only thing lacking is the per hour figure. I believe I need to get my master's degree to increase that figure in academia. Not sure I'm ready to go back to school yet though

 

[pontifex]

$15.50

will be slightly over $19 if I accept this job offer.

 

[actuarial]

Let's make it more fun:
Annual salary / (2085 + total annual commute time)

2085 = 5/7 (365) * 8

edit: since a typical full-time non-salaried employee's day is 8 hours long, but 1/2 hour lunch isn't paid for, 5/7 (365)*7.5 = 1955

That's an interesting formula. I think lunches should be included though in your hours (ie. not 7.5) as it's not really free time. Otherwise, should I exclude my time on the train if I use it to sleep or study for professional exams? I also disagree that lunch should only be excluded if it's not paid for. If we're trying to convert salary to an hourly rate, we should exclude any time in which productivity is assumed to be nil (lunch time), since if you were converted to an hourly rate that's how they'd pay you.

Using the formula of total hours *(5/7)*365 where total hours is the difference between the time I walk out the door and the time I walk back in it (I do get paid lunch anyways), and including bonus, I'm at about $25/hour.

 

[dullard]

Let's make it more fun:
Annual salary / (2085 + total annual commute time)

2085 = 5/7 (365) * 8

edit: since a typical full-time non-salaried employee's day is 8 hours long, but 1/2 hour lunch isn't paid for, 5/7 (365)*7.5 = 1955

My improvements:
1) The average year is 365.24 days, not 365.
2) Usually either the lunch is paid for or the day is 8.5 hours. Mine is the latter when I work hourly.