How do I calculate hourly wage from annual salary?
Divide annual salary by total hours worked yearly (weekly hours × paid weeks). For example, $52,000 ÷ (40 hours × 52 weeks) = $25/hour.
How many weeks per year am I paid?
Most full-time employees are paid 52 weeks per year, though some receive fewer with unpaid vacation or leave.
How many hours per week should I enter?
Enter your actual weekly working hours. Standard full-time is 40 hours per week, but some contracts use 35-45 hours.
Is hourly rate the same as daily rate?
No. Daily rate = hourly rate × daily hours worked (usually 8), so it represents a full workday instead of one hour.
Why is my calculated hourly rate lower than expected?
Your hourly rate depends on actual weekly hours and paid weeks. Using more than 40 weekly hours or fewer than 52 paid weeks lowers the rate.