I'm suppose to be making $36k a year and on my check stub it says the rate is 17.307692. Now is that rate how much an hour? If so i thought i would be a little more than that. Thanks for the help!
2007-04-24 02:30:53 · 12 answers · asked by Troy Mac 3 in Science & Mathematics ➔ Mathematics
would my check stub be correct?
2007-04-24 02:36:58 · update #1
If you work 40 hours a week and there are 52 weeks in a year, you are working 2080 hours in a year
$ 36,000 divided by 2080 hours = $17.307692/ hr. Your pay stub is correct
2007-04-24 02:39:41 · answer #1 · answered by detektibgapo 5 · 3⤊ 0⤋
How much you earn per year depends on how many hours your work and your hourly rate. For example at your rate, if you worked 5 days a week at 7 1/2 hours a day for the 52 weeks your earnings would be $33,750. More hours would mean more pay. That doesn't take into account holiday loading or overtime, shift allowances, etc., but you get the guist.
If you were to work at that hourly rate and do 4 hours, 4 days a week for 40 weeks your income would be only $11,078.
A forty hour week would give you the $36,000. Just do the Maths.
2007-04-24 10:03:28 · answer #2 · answered by Barb Outhere 7 · 0⤊ 3⤋
Yep 17.307692 is correct if you take that number timed 40 hours a week = 692.30768 then time 52 weeks in a year = 35999.99936 so thats 36k a year
2007-04-24 09:37:07 · answer #3 · answered by pc_porter 2 · 5⤊ 0⤋
If you have a full-time salaried position your hourly rate is calculated by dividing you salary by 2,080 (the number of work-hours in a standard year). Thus- 17.307692 is your standard rate. Obviously, if you work more than 40 hours per week your actual hourly rate will be lower and if you work less than 40 hours per week your rate will be higher.
2007-04-24 09:36:18 · answer #4 · answered by Joe 2 · 4⤊ 0⤋
A rough approximation is to equate a full time job with 2,000 hours per year. So dividing salary by 2,000 is a quick way to get an hourly rate. It's not the most accurate but usually close enough (in this case it is $36,000/2,000=$18/hour)
2007-04-24 09:38:09 · answer #5 · answered by Astral Walker 7 · 0⤊ 4⤋
36,000 / 52 = 692.307692
692.307692 / 40 = 17.307692
so yes... thats correct.
2007-04-24 10:02:59 · answer #6 · answered by sweetblueyes 5 · 3⤊ 0⤋
40 hours a week, 52 weeks a year = 2080 hours of work
36000/2080 = 17.30769
2007-04-24 09:39:55 · answer #7 · answered by Frank K 3 · 4⤊ 0⤋
Yes, that's how much the hourly rate would be : 17.31x26x80=36004.80. (rounding up of course)
This was figured with biweekly paydays.
2007-04-24 09:40:42 · answer #8 · answered by Sunidaze 7 · 3⤊ 0⤋
Yes, $17.31 is your hourly rate.
If you work full time (40 hours per week), you are working (40 x 52) hours in a year.
So...
36000 / (40*52) = 17.30769 per hour.
2007-04-24 09:35:02 · answer #9 · answered by Mathematica 7 · 4⤊ 1⤋
dr dee and triella are wrong, i'm too lazy to check if the others are right but since they're in agreement with each other they probly are, its a pretty simple equation anyways.
2007-04-24 09:40:30 · answer #10 · answered by Anonymous · 2⤊ 2⤋