2007-11-21 13:09:04 · 15 answers · asked by sarah 4 in Business & Finance ➔ Careers & Employment ➔ Other - Careers & Employment
19.23 an hour.
You divide the 40K by 2080 (52weeksX40hours)
2007-11-21 13:18:15 · answer #1 · answered by Raging Lib 1 · 2⤊ 0⤋
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40k salary a year, what is that per hour (average)?
2015-08-10 06:28:44 · answer #2 · answered by Anonymous · 0⤊ 0⤋
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why not use the cash to fund both of your retirement accounts? if both of your 401k's are fully funded for $16,500, that would take up $33,000 - and you wouldn't have to pay tax on it. then, you could fully-fund both of your ROTH IRAs, for $5,000 each. That would only take $43,000 - $3k over her $40k salary. assuming that you were planning on contributing to your own retirement anyway, you're there. heck, even if you didn't, the tax write-off on the $33k will more than make up for the extra $3k out of pocket. if you put away the $43k/year, and you earned the historical average return on the stock market for the next 20 years (about 10.5% per year), you'd have about $2.6 million. If you did it for the next 30 years, you'd have about $7.7 million. If you did it for 40 years, you'd have about $21.8 million. now, this scheme would still have her pulling a paycheck - to fund your 401k deduction. but you'd still effectively be saving the money from her job. if you want to do something on top of that (never a bad idea), ,just set up a direct deposit into a taxable brokerage account, and treat it the same as your retirement accounts. but, if your first goal is to save for a down payment, just set up a direct deposit to a high-yield savings account (ING Direct, etc.). Then start the super-retirement savings binge after that.
2016-04-08 23:12:34 · answer #3 · answered by Anonymous · 0⤊ 0⤋
40k Salary
2016-10-03 07:03:12 · answer #4 · answered by ? 4 · 0⤊ 0⤋
20$
As a thumb rule the market trnslates
per hr sal * 2 = yearly salary
2007-11-21 13:14:32 · answer #5 · answered by Anonymous · 1⤊ 0⤋
About 19 bucks an hour..Do you get paid vacation too? Sick days? How many hours a week do you work? 40? Need more info..
2007-11-21 13:16:38 · answer #6 · answered by Anonymous · 0⤊ 0⤋
You can multiply 40 hours/week X 50 weeks and come up with a number, or you can take half of 40,000, drop the "000" and come up with $20/hr. For accuracy, use the first option.
2007-11-21 13:18:52 · answer #7 · answered by Nothingusefullearnedinschool 7 · 1⤊ 0⤋
$40,000 / 52 weeks = $770 per week
$770 / 40 hrs per week = $19.23 per hour
Answer = $19.23
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2007-11-21 13:18:24 · answer #8 · answered by I_Hate_Liberals 3 · 0⤊ 0⤋
just divide exact salary by 2080 hrs
2007-11-21 13:21:50 · answer #9 · answered by Anonymous · 0⤊ 0⤋
If you can't do that simple math equation you don't deserve 40K a year
2007-11-21 14:05:41 · answer #10 · answered by jldude 5 · 1⤊ 2⤋