how much per hour is $40,000 salary?

[vital]

do you convert yearly salary to hourly wage with 48 or 52 weeks?

i used to just use the formula
[(wage * 40) * 4 ] * 12

but would it be more accurate to use 52 weeks instead?

like [(Hourly Wage * 40) * 52]

If a company says they're offering $40,000 what would be the hourly wage?

 

[JDrake]

20

 

[Wonderful Pork]

roughtly $20/hr

usually, salarly = hourly * 2000. usually.

 

[AgaBoogaBoo]

I don't think you can convert it directly, there are lots of things like benefits to factor in and any 401k plans and such that they offer.

 

[sniperruff]

depends on your work hours, vacation/personal time etc.

 

[ebaycj]

Originally posted by: Wonderful Pork
roughtly $20/hr

usually, salarly = hourly * 2000. usually.

QFT

 

[bubbadu]

about 19.25

 

[FelixDeCat]

52weeks x 40hours = 2080

40k/2080= $19.3

after fed, ss, medicare = $15.27

 

[Rastus]

Originally posted by: ebaycj

Originally posted by: Wonderful Pork
roughtly $20/hr

usually, salarly = hourly * 2080. usually.

QFT

 

[MBrown]

Originally posted by: Rastus

Originally posted by: ebaycj

Originally posted by: Wonderful Pork
roughtly $20/hr

usually, salarly = hourly * 2080. usually.

QFT

 

[gooseman]

Not enough.

 

[DainBramaged]

Originally posted by: Wonderful Pork
roughtly $20/hr

usually, salarly = hourly * 2000. usually.

 

[imported_Trippin315]

Originally posted by: FelixDeKat
52weeks x 40hours = 2080

40k/2080= $19.3

after fed, ss, medicare = $15.27

Glad someone beat me do doing the actual math.

 

[zanieladie]

Originally posted by: gooseman
Not enough.

Good point. LOL

 

[Pepsi90919]

Originally posted by: gooseman
Not enough.

how do you figure?

 

[DanTMWTMP]

Originally posted by: zanieladie

Originally posted by: gooseman
Not enough.

Good point. LOL

LOL.

QFFT. Especially, if you're a california resident, living in one of the most expensive places...

<--- San Diego

 

[pclstyle]

Originally posted by: Pepsi90919

Originally posted by: gooseman
Not enough.

how do you figure?

40k = not enough

what's that, like 500 a week after taxes for rent, car, utilities, gas, food, girlfriend?


good luck maxing that 401k

 

[CTrain]

To be exact...its $19.178 per hour.

You take $40,000/365 days = 109.589
Take 109.589 x 7 = $767.123. Thats how much you make a week.
Take $767.123 / 40hrs and $19.18 is exactly how much you make per hr.

 

[CTrain]

Originally posted by: pclstyle

Originally posted by: Pepsi90919

Originally posted by: gooseman
Not enough.

how do you figure?

40k = not enough

what's that, like 500 a week after taxes for rent, car, utilities, gas, food, girlfriend?


good luck maxing that 401k

At $40K, putting 8% into 401K and paying about $20 for insurance, take homw pay is about $540 week.
This is in Florida which does not have state income tax.

 

[Svnla]

About $20/hr IF the weekly work hours are 40 hrs/week and 52 weeks/year. You need to check the benefits/holidays/etc.

 

[kevinthenerd]

Google FTW: http://www.google.com/search?hl=en&q=40000%2F52%2F40&btnG=Google+Search

 

[Mardeth]

nobody is gonna work 40 hours a week for 52 weeks in a year... 46-48 weeks probably...

 

[simms]

20 is a good quick estimate... otherwise I would use 19.23.

 

[Drakkon]

Originally posted by: Mardeth
nobody is gonna work 40 hours a week for 52 weeks in a year... 46-48 weeks probably...

If you get paid sick/vacation leave then...yeah you do work those full 52

 

[Zenmervolt]

2080 hours. 52 weeks.

Remember that vacation is paid vacation.

ZV