what does $20/hour for 40 hours a week turn out to in yearly income?

Question

I'm looking at a job that does wage instead of salary, just curious to know what is the salary equivalent of $20 per hour

Answer 1

It equals $41,600 per year, before taxes. Equation is simple: $20.00 (hourly rate) * 40 (hours in a working week) = 800 (per week) $800.00 (per week) * 52 (amount of weeks in a year)= $41,600.00.

Answer 2

Don't you have a calculator ?

$20 per hour x 40 hours = $800 per week
$800 per week x 52 weeks a year = $41,600-00

Probably about 20% will be taken in taxes which will be $8320-00.

Leaves you with a yearly wage of approximately $33,280-00.

Answer 3

Realistically:
20 * 40 = $800 per week
800 * 50 = 40,000 per year gross (What, you didn't want a vacation? Ok, then 41,600 gross.)

Figure about 25-30% taxes and your take home is about
31,200, This does not count in any health insurance, dues and fees or state income tax.

Answer 4

41,600 before taxes but it is hard to find jobs that pay that much that aren't salaried. Especially in this day and age where manufacturing jobs are outsourced. You need a degree usually to make that amount of money and it is usually salaried

Answer 5

$20 * 40 hours = $800 per week
$800 * 52 weeks = $41600 per year

Answer 6

It comes out to approximately $41,600 based on a 40 hour work week without overtime.

Answer 7

I'm sure you will find a job paying $20 an hour if you can't do the simple math to figure out what it would amount to in a year.

Better stay at you burger flipping job for the time being.

Answer 8

Don't forget about taxes!

Answer 9

$41,600 per year gross

Answer 10

$41600