ok i used to have a boss who paid me 32k a year and then i got put on hourly wages and they paid me $15/hr.
is it the same? i mean how much is it really for $15/hr for 40 hrs a week. see it seems like a simple math problem but it really is not because there are so many ways to do the math.
2006-10-10 04:55:41 · 8 answers · asked by versuviusx 1 in Business & Finance ➔ Careers & Employment
see how everyone is coming up with different answers. interesting isn't it.
2006-10-10 06:05:55 · update #1
Most of us are coming up with $31,200, so everyone's math must be correct, except for the blonde that thinks there is only 48 weeks in a year (uh, like 12 X 4 weeks is like, totally, 48 weeks, yah???). Tell your boss to stop shortchanging you and throw in some untaxed bonus money to make up the difference and you will end up slightly ahead instead.
2006-10-10 15:06:33 · answer #1 · answered by mancrib 2 · 0⤊ 0⤋
Differant companies work it Differant ways but this is the way at the company I work at. Hourly rate you get paid for how long you are there, some cases more then 8 hours a day is overtime, some it is more then 40 hours a week. Salary, you get a set amount and they work you as long as they want. Plus side to salary at the company I work at is you get the same check even if you take a week for vacation or you take a day off. down side is, you get the same check whether it is 40 hours or 60 hours, but they do allow you to build up comp days for so many hours over, so then you get to work less then 40 hours at a later date and still get your 40 hour pay, or in the case here, your regular monthly pay. Salary benifits are better most of the time also.
2016-03-28 03:45:36 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Really there's not so many ways to do the math. If you work 40 hours a week for 52 weeks a year that is 2080 hours a year. So, 2080 times 15 per hours is 31,200 a year. I personally like to work hourly as apposed to salary, most places that offer you salary means you are not eligelble for overtime, if you're hourly, they have to pay you overtime, it's a law - that's where the money is. Salary does have its benifits though, as you will know exactly what you are going to recieve everytime.
2006-10-10 05:04:14 · answer #3 · answered by suzieh212006 2 · 0⤊ 1⤋
Salary rates are based on an average person working 2080 hours per year. So $15/hr is 31,200. They cut your salary by $0.38 per hour. Which in most states is not legal. Also, just because you are salaried does not mean you don't qualify for overtime. It depends on if you are exempt or non-exempt and that varies by type of position you are in.
2006-10-10 05:16:25 · answer #4 · answered by Kel K 2 · 0⤊ 0⤋
$15/ hr * 40hrs/week =$600/week * 52 weeks a yr = $31200
u took a slight pay cut, $800 per year
but now u r horly u could make up these wages by working more than 40 hours a week, do you get overtime now?
2006-10-10 05:06:45 · answer #5 · answered by Anonymous · 0⤊ 0⤋
If you figure $15 a hour x 40 (hrs a week) x 4 (weeks a month) that is $2400 a month x 12 months = $28,800 a year
2006-10-10 05:05:08 · answer #6 · answered by katybeth212001 3 · 0⤊ 1⤋
$31,200 a year now at $15.00 an hour. If you were making 32k a year then you got a pay cut!!! About 38 cents an hour!!!
2006-10-10 05:06:37 · answer #7 · answered by bren_jim 5 · 0⤊ 0⤋
$32K/yr = $15.38/hr so you are getting paid about the same.
2006-10-10 05:03:33 · answer #8 · answered by Michelle 4 · 0⤊ 0⤋