How Do You Calculate Hourly Pay Rate?
While some jobs advertise an hourly pay rate, others advertise the monthly or yearly pay rate. Finding the hourly rate will help you compare what you’re earning to previous amounts and show you how much more or less you’re getting. Multiply your monthly pretax pay by 12 to get your annual pay, if the only figure you have is the monthly amount. For example, if you receive $3,000 per month before taxes are taken out, multiply by 12 to get $36,000. Multiply the number of hours you work in a day by the number of days per week that you work. If you work eight hours a day for five days, that’s 40 hours per week; if you work seven hours each day for five days, that’s 35 hours per week; and so on. Multiply your weekly hours by 52. Use the resulting number if you receive up to two weeks of paid vacation; if you receive more, add one day’s worth of hours for each extra week. 40 hours per week with a typical two weeks of paid vacation would be 2,080, but if you receive three weeks of paid vacatio
