Figure Out Your Yearly Salary From Your Hourly (or Vice Versa)
When negotiating your salary or trying to figure out raises, comparing annual salaries with hourly ones are a needless complication. Fortunately, there's a quick and dirty way to transition between the two:
$1/hour = $2000/year
This formula assumes a 40-hour workweek and two weeks vacation every year. While your mileage may vary, this can help you get into a rough ballpark. If you're part time, you can adapt the formula. Just multiply $2000 by your hourly rate to get your yearly rate. Alternatively, divide your annual salary to get your hourly pay. For example:
$7.25/hour * 2000 = $14,500/year
$30,000/year / 2000 = $15/hour
You can also adapt this formula if you're only working part-time. For example, if you work a job 32 hours a week, that equals $1600/year. Every 8 hours per week amounts to $400/year for every $1 per hour.