To calculate how much $75 dollars an hour is in annual terms, you first have to take into account your employment status. In this post, I’ll go over these factors so you can get a better idea of how much you will be earning this year.
If you work less than 35 hours a week, take your weekly work hours and multiply it by 52. Then take that number and multiply it by $75 to get your annual salary.
Let’s assume you work 10 hours of overtime per week. 10 times 52 weeks is 520 working hours. Since most overtime pay rates are 1 ½ times your hourly wage, we can’t multiply this number by $75. We have to multiply it by $112.50, which is your overtime pay rate.
Let’s assume it is 2 weeks unpaid vacation. Since there are 52 weeks in a year, you subtract the 2 weeks you are not paid to get to 50 weeks. From here, we simply multiply 50 weeks by 40 hours to get 2,000 working hours.
Earning $75 an hour per day, you would take $75 and multiply it by the hours worked. Assuming this number is 8 hours, it comes to a daily salary of $600 per day.
First, you could take $75 and multiply it by the hours you work in a week. So if you work 40 hours a week, you take $75 times 40 to get $3,000. In this case, assuming you work 5 days a week, you earn $3,000 per week.