how much per hour is $40,000 salary?

[mugs]

Originally posted by: MBrown

Originally posted by: Rastus

Originally posted by: ebaycj

Originally posted by: Wonderful Pork
roughtly $20/hr

usually, salarly = hourly * 2080. usually.

QFT

I don't know about you, but I don't work 2080 hours a year. Considering most people get at least two weeks paid vacation, using 2000 is a quick and easy way to estimate.

 

[Baked]

That's slave wages.

 

[Zenmervolt]

Originally posted by: mugs
I don't know about you, but I don't work 2080 hours a year. Considering most people get at least two weeks paid vacation, using 2000 is a quick and easy way to estimate.

2 weeks PAID vacation. Since the vacation is paid out, you must use 2080 as the number of hours when converting a salary to an hourly wage or you get an hourly rate assuming that the vacation is unpaid time, which is not accurate.

ZV

 

[SampSon]

Depends on how much you work.

For thoes of you saying "its not enough", that does not hold true for a vast majority of the country.

 

[mugs]

Originally posted by: Zenmervolt

Originally posted by: mugs
I don't know about you, but I don't work 2080 hours a year. Considering most people get at least two weeks paid vacation, using 2000 is a quick and easy way to estimate.

2 weeks PAID vacation. Since the vacation is paid out, you must use 2080 as the number of hours when converting a salary to an hourly wage or you get an hourly rate assuming that the vacation is unpaid time, which is not accurate.

ZV

Yes I know it's PAID vacation, I also said it's an ESTIMATE. It's also an ACCURATE measurement of the amount you get paid per hour of ACTUAL work, assuming 40 hours per week and two weeks of PAID vacation. It is not the hourly rate that would appear on your PAYSTUB but that is a largely MEANINGLESS number to a salaried employee. Depending on why the OP is asking his question, dividing by 2000 may give him a more USEFUL number (for instance if he is comparing a salaried position to an hourly contract position).

 

[esun]

I'm working for $20/hr this summer, and the offer letter said that is equivalent to $41,000 on a yearly basis (though it's only 3 months for me), which falls in line with what others have said.

 

[Zenmervolt]

Originally posted by: mugs

Originally posted by: Zenmervolt

Originally posted by: mugs
I don't know about you, but I don't work 2080 hours a year. Considering most people get at least two weeks paid vacation, using 2000 is a quick and easy way to estimate.

2 weeks PAID vacation. Since the vacation is paid out, you must use 2080 as the number of hours when converting a salary to an hourly wage or you get an hourly rate assuming that the vacation is unpaid time, which is not accurate.

ZV

Yes I know it's PAID vacation, I also said it's an ESTIMATE. It's also an ACCURATE measurement of the amount you get paid per hour of ACTUAL work, assuming 40 hours per week and two weeks of PAID vacation. It is not the hourly rate that would appear on your PAYSTUB but that is a largely MEANINGLESS number to a salaried employee. Depending on why the OP is asking his question, dividing by 2000 may give him a more USEFUL number (for instance if he is comparing a salaried position to an hourly contract position).

I get 12 days of paid vacation as an hourly consultant. It's not like hourly people don't get paid vacation.

2080 is the most accurate number of hours, period. It is also the number that HR will always use when comparing salary to hourly and for calculating bonuses unless the worker is part time. When a company computes the hourly equivalent, the company will use 2080. You can want the company to use 2000 and give you a higher hourly rate, but that's just not how it works.

But what would I know. I've only implemented performance evaluation and compensation tools for HR.

ZV