Convert an hourly wage into an annual salary. Multiply your rate by hours and weeks, with overtime at time and a half if you work it.
| Input | Result |
|---|---|
| $25 / 40 hrs / 52 weeks | $52,000 a year |
| $20 / 40 hrs / 52 weeks | $41,600 a year |
| $30 / 40 hrs / 50 weeks | $60,000 a year |
The rule of thumb, hourly rate doubled, read in thousands, works because 2,080 hours is the standard full-time year. It breaks in three common cases: unpaid weeks (50 weeks gives $50,000 for $25 an hour, not $52,000), part-time hours, and regular overtime, which quietly lifts the annual figure well above the shortcut.
Multiply the hourly rate by hours per week and weeks per year. The common shorthand is to double the hourly rate and read it in thousands: $25 an hour × 2,080 hours = $52,000.
$41,600 a year at 40 hours a week for 52 weeks. Unpaid time off lowers it: at 50 weeks it is $40,000.
Only if you enter it. Overtime is paid at 1.5 times the base rate under federal law for non-exempt employees, so regular overtime can add a fifth or more to the annual figure.