# How to figure hourly wage

Federal Paycheck Calculator

- In case the pay rate is “hourly”: (A) Hourly wage is the value specified by the user within GP. (B) Daily wage = GP * WPD (C) Weekly wage = GP * WPD * WDW (D) Monthly wage = E / 12 (E) Annual wage = 52 * C - In case the pay rate is “daily”: (A) Hourly wage = GP / WPD (B) Daily wage = GP (C) Weekly wage = GP * WDWEstimated Reading Time: 2 mins. Mar 18,  · To convert your hourly wage to its equivalent salary, use our calculator below: Time Worked. Hours Per Day. Days Per Week. Starting Pay. Hourly Pay. Exclude un-paid time. Computed Pay Yearly Pay. Exclude un-paid time. dollars hourly, including un-paid time, is dollars yearly, including un-paid time.

Last Updated: December 8, References. To create this article, 11 people, some anonymous, worked to edit and improve it over time. This article hourlyy been viewedtimes. Learn more For many, finding their hourly pay rate is as simple as looking at a recent pay stub. You can calculate your hourly rate based on a single project, a certain period of time, or a salary. If using a salary, you can also figure in variables to get a hod accurate hourrly. For example, take a stretch of time where you were working, like a month or a week, and consider that your pay period.

As you work during that length of time, hold on to all of the paychecks you earn. Fiugre get your hourly rate, divide the income you made in that period by how many hours you wzge in that time. For more help, like how to account for overtime and paid time off, read on.

Tips and Warnings. Related Articles. Article Summary. Method 1 of Fiyure track of how many hours you've worked. For this to wate helpful, you'll need to decide what your pay figufe is. You can figure out your hourly rate based on an annual income, for a more accurate figure, or you find your hourly rate for a specific job or time period.

For example, if you get paid by the job or project, you may just want to keep track of the hours for that project to determine your hourly rate for that job.

Or you can determine your hourly rate for a shorter period of time, such as a month or a few weeks. Calculate your income. Keep track of your paychecks. Be sure to wabe the same pay period that you selected to figure up hours. Again, this could be for a single project or several waage. You can choose whether or not to include taxes in your calculations. Note that if you don't include taxes, your hourly rate will appear higher.

Divide your income by your hours. This jow give you your hourly rate, based on the project or time period you selected. Method 2 of Calculate your yearly income. Use your gross not net pay—that is your amount before taxes—and multiply the number by the number of pay periods in a year. For those on a bi-weekly schedule, you would multiply the number by Calculate how many hours you work in one year.

For a quick rule of thumb, you can use a standard formula such as: 7. Calculate your hourly wage. Once you have these two numbers, you can divide your totally yearly income too your total number of yearly hours to reach an approximate hourly wage.

This can include tips, bonuses, work-based incentives, etc. If you happen to work a salaried position where you also receive tips, horly process becomes a bit more complicated. Keep track of your tips for several weeks or even months, and divide the total by the number of weeks you have been tracking the data.

This will give you an average tip total per week. The rule of thumb for calculating tips is that the more weeks you can use to tabulate your average, the more accurate it will be. Add hours to your calculation if you work overtime. Your overtime hours can be either paid or unpaid depending on your position. Add the additional hours how to create backlinks for my website free regardless.

Example: Say you ti an average of an how to activate net banking on pnb debit card two hours every week except when you are on leave, which is two weeks every year. Subtract hours from your calculation if you receive paid time off.

Add together the number of hours you take off work each year and subtract this number from the total number of hours you worked in the year.

Remember to include holidays, sick leave, special leave, and any time when you start late or finish early. Remember only to include paid time off that you will actually use. For example, say that you take two weeks of paid vacation every year, that you are never sick, and figurr you always leave one hour early on Friday afternoons. Not Helpful 7 Helpful I know my hours, and my monthly salary, but have yet to find a formula that tells me what I make hourly with lots of overtime hours.

What can I do? C Grace. You have not indicated whether you are paid extra for overtime or whether you get a flat monthly salary and are expected to complete your work regardless of the number of hours.

If it's a flat monthly hoourly, then the hourly rate will vary depending on how many overtime hours you worked. Otherwise, it is two different hourly rates; for example, basic for standard hours, say 40 per week and time and a half for hours over Not Helpful 1 Helpful 2. Calculate how many hours you work at your job every week. Divide your annual pay by Now you have both hours and wages for 1 week.

Divide wages by hours and that is your hourly rate. If you work longer hours at certain times of the month, then track your time for a month, and divide your annual pay by Divide wages by hours. Not Helpful 2 Helpful 2. How do I calculate my hourly rate given the total amount of hours I work figgure a year? Divide the amount you earned in one year by the total number of hours worked to determine your hourly rate.

Not Helpful 6 Helpful 3. If I earn a basic wage of Fogure for a 40 hour week, how much is my hourly rate? Not Helpful 1 Helpful 0. The easiest way is to look at your pay stub.

If qage don't have one, then you will need to find out what your tax rate is before you can do the calculation. If I work. You did jourly provide the rate at which your overtime is paid. For example, if it's time and a half, then multiply. Then you can finish the calculation. You did not provide your current payment schedule.

If you are paid hourly, then multiply that by the number of hours you worked in a year. If you are paid daily, multiply by the huorly of days, and so on. Not Helpful 2 Helpful 0.

Someone is telling me I made too much money on a ohurly, but they refuse to factor in the amount of time. Does this make sense? As long as you fighre you were paid fairly for your time, it doesn't matter what anyone else thinks. Not Helpful 5 Helpful 0.

How does this hourly wage calculator work?

How Your Paycheck Works: Income Tax Withholding When you start a new job or get a raise, you’ll agree to either an hourly wage or an annual salary. But calculating your weekly take-home pay isn’t a simple matter of multiplying your hourly wage by the number of hours you’ll work each week, or dividing your annual salary by To determine your hourly wage, divide your annual salary by 2, If you make \$75, a year, your hourly wage is \$75,/, or \$ If you work hours a week, divide your annual salary by 1, ( x 52). At \$75,, you hourly wage is \$75,/1,, or \$ The formula for salary to hourly we use is: Hourly Rate = Yearly Salary / ((Hours per Week / Days per Week) x Work Days per Year).

There is in depth information on how to estimate salary earnings per each period below the form. How does this hourly wage calculator work? This tool allows you estimate your salary earnings by two different approaches according to your needs:. First method can be found in 1 st tab and it requires you to provide the following variables:.

By this scenario the gross paycheck formulas applied depend on the way the normal pay rate is specified as detailed below:. Second calculation approach is within 2 nd tab and uses the following figures that should be given:.

Within United States, employees must be paid no less than the minimum wage as specified by the Federal and the local governments. Starting July , the U. For instance as of January 1 , there were more than 25 states that started paying a level greater than the minimum mandated.

Below there is a table presenting the figure per each state:. Table source: Dol Gov. His income will be:. Hourly Wage Calculator. Below there is a table presenting the figure per each state: State Basic minimum wage as of Jan 1 State Basic minimum wage as of Jan 1 Alabama No state minimum wage law.