how much per hour is $40,000 salary?

Discussion in 'Off Topic' started by vital, May 25, 2006.

  1. vital

    vital Platinum Member

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    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?
     
  2. JDrake

    JDrake Banned

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  3. Wonderful Pork

    Wonderful Pork Golden Member

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    roughtly $20/hr

    usually, salarly = hourly * 2000. usually.
     
  4. AgaBoogaBoo

    AgaBoogaBoo Lifer

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    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.
     
  5. sniperruff

    sniperruff Lifer

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

    ebaycj Diamond Member

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    QFT
     
  7. bubbadu

    bubbadu Diamond Member

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    about 19.25
     
  8. FelixDeCat

    FelixDeCat Lifer

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    52weeks x 40hours = 2080

    40k/2080= $19.3

    after fed, ss, medicare = $15.27
     
  9. Rastus

    Rastus Diamond Member

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  10. MBrown

    MBrown Diamond Member

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  11. gooseman

    gooseman Diamond Member

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    Not enough.
     
  12. DainBramaged

    DainBramaged Lifer

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  13. imported_Trippin315

    imported_Trippin315 Golden Member

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    Glad someone beat me do doing the actual math.
     
  14. zanieladie

    zanieladie Diamond Member

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    Good point. LOL
     
  15. Pepsi90919

    Pepsi90919 Banned

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    how do you figure?
     
  16. DanTMWTMP

    DanTMWTMP Lifer

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    LOL.

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

    <--- San Diego :(
     
  17. pclstyle

    pclstyle Platinum Member

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    40k = not enough

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


    good luck maxing that 401k
     
  18. CTrain

    CTrain Diamond Member

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    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.
     
  19. CTrain

    CTrain Diamond Member

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    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.
     
  20. Svnla

    Svnla Lifer

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

    kevinthenerd Platinum Member

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  22. Mardeth

    Mardeth Platinum Member

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

    simms Diamond Member

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

    Drakkon Diamond Member

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

    Zenmervolt Supermoderator<br>The Garage<br>Elite member

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    2080 hours. 52 weeks.

    Remember that vacation is paid vacation.

    ZV