wherethebicenroam t1_jeaxeb7 wrote on March 30, 2023 at 6:10 PM

I tried to reverse this to find my hourly wage based off annual salary. It came pretty close, but was about $1.50 too high.

I’m guessing that has something to do with not taking the 2 weeks into consideration.

The_Aesthetician t1_jeazkl9 wrote on March 30, 2023 at 6:24 PM

Assuming you have paid time off, it should be 2080 hours for 52 weeks

wherethebicenroam t1_jeazq1j wrote on March 30, 2023 at 6:25 PM

Nailed it. Makes sense.

PickTour t1_jeb652g wrote on March 30, 2023 at 7:06 PM

If you are paid around $37.50 an hour, it will show as $1.50 too high. I think OP’s point is that you can put the calculator away and quickly calculate your approx annual gross by doubling the hourly rate and adding three zeros: eg $40 per hour will be approx $80,000 per year.