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Old 09-30-2018, 10:40 AM
 
Location: North Idaho
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Not exactly a ringing endorsement of our education system.
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Old 10-03-2018, 11:29 PM
 
Location: Middle of the ocean
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Quote:
Originally Posted by randomparent View Post
I would just divide the annual salary by 2080, which is the number of hours a full-time employee works per year.

$50,000/2080=$24.04 per hour
This one.
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Old 10-04-2018, 12:20 AM
 
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I just double the hourly rate and that gives me an approximate yearly income. $25/hour is $50K. Close enough. Most people work more like 47 weeks per year after you factor in company holidays and vacation time.
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Old 10-04-2018, 12:54 AM
 
1,053 posts, read 587,028 times
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I'm with the divide by 2080 crowd.
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Old 10-04-2018, 01:29 AM
 
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Quote:
Originally Posted by johnd393 View Post
I'm with the divide by 2080 crowd.

So you work 52 weeks per year with no days off? The real world numbers in the United States are more like 38 hours per week and 47 weeks per year. That's the Pew analysis of Dept of Labor data. They say 1811 hours per year.
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Old 10-04-2018, 10:35 AM
 
Location: Middle of the ocean
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But this is for salaried people, right?
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Old 10-04-2018, 10:37 AM
 
Location: Aurora Denveralis
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Quote:
Originally Posted by Mikala43 View Post
But this is for salaried people, right?
Even if you're hourly, it's useful to be able to do a quick conversion between hourly and annual. No one ever got to financial stability counting their income by the hour.
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Old 10-04-2018, 10:40 AM
 
Location: Middle of the ocean
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Quote:
Originally Posted by Quietude View Post
Even if you're hourly, it's useful to be able to do a quick conversion between hourly and annual. No one ever got to financial stability counting their income by the hour.
I should have quoted Geoff which is who I was responding to.

I think his computation is some.... "how much do you REALLY" make when you factor in a bunch of stuff. But if you are salaried, the industry standard, is to divide by 2080.
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Old 10-04-2018, 12:25 PM
 
Location: The Triad (NC)
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Quote:
Originally Posted by Mikala43 View Post
But this is for salaried people, right?
The OP (like most) was not specific.

Starting with an annual number IMPLIES a salary.
But what share of salaried people work only a base hour schedule?
A whole lot fewer than want to admit it.

Quote:
But if you are salaried, the industry standard, is to divide by 2080.
Once upon a time things like "industry standard" actually meant something.
I'll stick with the annual gross by a lot more than just 2080 hrs.
(if you can get away with working fewer ...that's like getting a raise)
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Old 10-08-2018, 07:12 AM
 
Location: East of Seattle since 1992, originally from SF Bay Area
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It's not as simple as one might think. The only accurate way is to look at your W2 at the end of the year and divide by the hours worked. We are paid every other Friday, so that means for 2018 that in June and November there are 3 pay checks rather than 2. If you get an annual raise, that will affect it, ours are effective 3/1, so January and February at are a lower rate.
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