ok am I crazy, I need help. I think that 26,000 salary is 14 per hour. Several company's say it's 12.50. How?

Question

how is that rate calculated. If I want 14 per hour, what salary is that?

Answer 1

If you take the 26,000 and divide by 12 then by 4 and then by 40 you come up with 13.56 an hour. The thing you have to look at is the pay periods don't always have four weeks in a month. Some have five and people get three paychecks in a month so when you figure a yearly salary you have to count this into your figure.

Answer 2

Everybody else is wrong Im right

Salary is different per hour. It doesnt matter if you work 40 hours a week or 50 or 30... you get paid the same.

This is how we figure it in mortgages, you work 50 weeks a year (2 off for vacation). So you take the income of 26,000 and divide that by 50. That is 520 per week. You assume a 40 hour week so divide the 520/40 = 13

The job pays 13 dollars an hour for a salary job. At least thats what lenders and credit card companies thinks it pays.

The answer is 13

Unless its paid vacation then everybody else is right its 12.5.. But my answer was more entertaining.

Answer 3

Most people who get paid salary work more than 40 hours a week so it is not possable to make a hourly rate out of it as no matter how much you work that week you still get the same salary.

If you get paid by the hour then $14 ( 52 x 40) = $29,120. ( but only if you get paid for and include the holidays)

So $26000/ (52 x 40) = 12.50 and hour.

SO to answer the question to get $14.00 per hour you would need a salery of $29,120.

Answer 4

It is $12.50 if you work 40 hours a week, 52 weeks a years.

40 x 52 = 2080 working hours a year.

26000/2080 = 12.5

This means that your salary works out to $12.50 per hour.

If you work less than 40 hours a week then it cold actually be $14 per hour, because you will be working less hours for the same amount of money.

Answer 5

$26,000/52 weeks = $500 per week. $500/40 hours = $12.50 per hour. Many people try to use 50 weeks thinking that the "standard" 2 weeks of vacation don't count. Even if you get vacation time, it's usually paid at your normal rate, so you have to count it.

Answer 6

14 per hour x 40 hours a week x 52 weeks = $29,120 yearly
12.50 per hour x 40 hours a week x 52 weeks=$26,000 yearly

Answer 7

Just calculate 14/hrx40hr=560/weekx52weeks=29,120.00dollars per year.So the 12.50 /hr. is about right. Remember also, if you have medical ins. that normally would cost you 230/month. If you are happy in your job, that is the number one thing. I have jumped around in jobs, going for more money, but I am ending up going back to my previous employer, because when I weighed everything up, I was happy there, and more money does not always mean a better job.

Answer 8

The standard hours worked in a calendar year are 2,080. (40x52 wks) Dividing 26,000 by 2,080, I get $12.50/hr. In order to make $14/hr, your salary would need to increase to $29,120 annually.

Answer 9

It is $12.50 I think what you are getting confused by is thinking in terms that a month is four weeks, some are actually five. (the average for computing salary etc is 4.3)So take your salary divide by the number of weeks in a year 52 then divide by 40

Answer 10

You multipy $14 by how many hours you work a week then multiply that by 4 because that's how many weeks there are in a month, then you multiply that by 12 because there are 12 months then you get your gross pay.

Example:

$10/hrX40hoursX4weeksX12months=gross annual salary

You could subtract federal and state taxes, social security and any other monies withheld, if applicable. Did you know Congress doesn't pay Social Security?