$30 AN HOUR IS HOW MUCH A YEAR: CALCULATING YOUR ANNUAL SALARY
Are you wondering how much you make in a year earning $30 per hour? While you could plug the numbers into a salary calculator, the issue is the answer may not be accurate.
First, we assume you work 40 hours per week. If we multiply this by 52 weeks, we get 2,080 working hours. Simply multiply this number by $30, and you make $62,400 per year.
Let’s say you complete 30 working hours per week. Take 30 times 52, and you get 1,560 hours worked. Multiply this by $30, and your yearly salary is $46,800. The only variable in this equation is the number of working hours.
Assuming you work the same amount of overtime hours all year, you take this number and multiply it by 52. Finally, you add this number to your annual salary of $62,400 to get your yearly salary.
Let’s assume you don’t get paid for vacation time. You need to subtract these weeks from your calculation. Since every year has 52 weeks, subtract the weeks you don’t get paid from 52.