Comments
gotBooched OP t1_iws7920 wrote
Thanks
ColonelBoogie t1_iws7nk6 wrote
Sounds like a way to get an inaccurate answer in two steps (multiply by two, them by 1000) vs getting an accurate answer in two steps (multiply by 40, then by 52)
gotBooched OP t1_iws7qp1 wrote
One can be done instantly by anyone, the other cannot.
nick5111 t1_iws6l4h wrote
I don’t understand…
gotBooched OP t1_iws6p6t wrote
Example if you make $20 an hour - multiple that times two is 40
You’ll make $40k a year
Actual math is $41600 in a 40 hour week over the course of a year but if you’re hunting jobs it’s always good to be able to quickly convert whatever hourly pay they offer
HiVisVestNinja t1_iws7j1p wrote
So when you say double, you mean x2,000
gotBooched OP t1_iws7oal wrote
If you want to take something extremely simple and add an unnecessary layer of complexity, yes.
Target audience is someone getting offered $13.40 an hour
HiVisVestNinja t1_iws7ttj wrote
You're not making any sense at all.
gotBooched OP t1_iws7v9c wrote
What do you mean?
nick5111 t1_iws8mkd wrote
I would argue OP does make sense. This tip is meant for people who might not know how to do the math.
nick5111 t1_iws6yni wrote
Ah ok. Interesting! I guess it’s not too hard to do the actual math either, but this works for convenience
gotBooched OP t1_iws6lyq wrote
Example if you make $20 an hour - multiple that times two is 40
You’ll make $40k a year
Actual math is $41600 in a 40 hour week over the course of a year but if you’re hunting jobs it’s always good to be able to quickly convert whatever hourly pay they offer
tvieno t1_iws8133 wrote
The rule of thumb is take your hour wage and multiply by 2,000 will give you an approximate annual gross.
Conversly, if you know your annual wage, divide it by 2,000 to calculate an hourly wage
gotBooched OP t1_iws85he wrote
Or you could just double it
tvieno t1_iwsb6bx wrote
Then multiply it by 1,000.
gotBooched OP t1_iwscgu9 wrote
You could multiple it by 10000 and then divide
tvieno t1_iwsegy3 wrote
Or multiply by 2000 in one step and call it done.
gotBooched OP t1_iwsihq0 wrote
You’re done after just multiplying by two
tvieno t1_iwsjp4k wrote
No. If my hourly wage was $25. If I multiply it by 2, then my annual wage would be $50.
Odd-Turnip-2019 t1_iwsbm6z wrote
2080
keepthetips t1_iws6epn wrote
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[deleted] t1_iws74j3 wrote
[removed]
Hrafnkol t1_iws94s3 wrote
No, if you want to know how much you make in a year, multiply your hourly pay by your hours a week, and then by 52. Otherwise you're calculating twice your pay, which isn't helpful
gotBooched OP t1_iws9y7j wrote
The OP says in a 40 hour / week job
Hrafnkol t1_iwsmrn2 wrote
X x 40 x 52. Not 2X x 40 x 52.
Competitive-Ad7847 t1_iwudprf wrote
Hourly pay x 2080 = yearly pay
gotBooched OP t1_iwue6pm wrote
no it isn’t
Competitive-Ad7847 t1_iwueifo wrote
Are you serious? That's literally 40x52. It is an incredibly common calculation
gotBooched OP t1_iwuew3h wrote
What is the X between the 40 and 52? And where is the 52 coming from??
Distinct-Animal-9628 t1_iwveod9 wrote
The fact that you don't know the multiplication sign suggests that it's not worth spending too much time debating.
gotBooched OP t1_iwver86 wrote
Huh?????
[deleted] t1_iwufp7q wrote
[removed]
gotBooched OP t1_iws819u wrote
This thread has been infiltrated by number nazis
It is a quick easy tip for people scrolling through want adds….of if you’re an employer looking to hire….GTFO here people.
lostknight0727 t1_iws776q wrote
Quicker/easier math is take hourly, x40 x52. you get the actual yearly pre-tax without the wierd conversion.