If you make 35,000 a year and work 40hr a week, then what are you averaging for hourly rate?
2007-06-08 14:21:00 · 6 answers · asked by puzzle 1 in Business & Finance ➔ Personal Finance
You're making $16.82 an hour.
A year's work at 40 hours is 2080 hours. $35000 divided by 2080 hours = $26.82 per hour.
2007-06-08 14:25:12 · answer #1 · answered by Stuart 7 · 0⤊ 0⤋
You're missing how many weeks per year you work. Most people get 2 weeks off per year, plus more for holidays. Not all companies celebrate the same holidays.
So, excluding holidays, you can figure 50 weeks x 40 hours per week. That's 2000 hours per year.
With your yearly salary, you make $35000 / 2000 or $17.50 per hour.
Some people choose to also take out commuting time and work expenses. Those calculations can change those numbers quite a bit.
For example, if your commute time is 1 hour a day for 20 days each month, that changes the calculation to:
$35000 / (2000 + (20 x 12)) or $15.62 per hour.
Subtract gas prices and additional expenses for clothing and your per hour rate decreases even more:
($35000 - $1500) / (2000 + (20 x 12)) or $14.96 per hour.
So, that $17.5 may be good, but if you find a job that pays more than $15 near home which doesn't require fancy clothes, then you'll end up making more money.
2007-06-08 15:11:21 · answer #2 · answered by XopherMV 2 · 0⤊ 0⤋
35k/52= about $673 a week...divide that by 40 hours and you're just under $17/hr.
2007-06-08 14:24:43 · answer #3 · answered by Bogart 3 · 0⤊ 0⤋
$17.5
Take your salary and divide it by 2000.
2007-06-08 14:25:30 · answer #4 · answered by amycutie102 2 · 1⤊ 0⤋
$16.83 You take your annual salary and times it by 2080.
2007-06-08 14:25:12 · answer #5 · answered by KR52 3 · 0⤊ 0⤋
About $16.50 per hour
2007-06-08 14:25:04 · answer #6 · answered by Lori B 2 · 0⤊ 0⤋