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keepthetips t1_iws6epn wrote

Hello and welcome to r/LifeProTips!

Please help us decide if this post is a good fit for the subreddit by up or downvoting this comment.

If you think that this is great advice to improve your life, please upvote. If you think this doesn't help you in any way, please downvote. If you don't care, leave it for the others to decide.

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nick5111 t1_iws6l4h wrote

I don’t understand…

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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

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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

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lostknight0727 t1_iws776q wrote

Quicker/easier math is take hourly, x40 x52. you get the actual yearly pre-tax without the wierd conversion.

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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)

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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

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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.

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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

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