Want to calculate the equivalent annual salary for an hourly wage? Cool, try this calculator.
This calculator converts an hourly wage into an equivalent annual salary. The math is fairly straightforward for this one, you simply need to multiply the hourly wage by the number of hours worked per week by the number of weeks worked per year, as shown below:
S = h w y
where S = Annual Salary h = Hourly Wage w = Hours Worked Per Week y = Weeks Worked Per Year
When converting an hourly wage into an equivalent annual salary it's important to note that you should account for the actual number of weeks that will be worked in the year; don't just take the hourly wage, multiply it by the number of hours worked in a week, and then multiply again by 52 (i.e. the number of weeks in a year). Unless you are actually going to work every single week of the year without stop, the number 52 should be replaced by the actual number of weeks that you will work. This will give you the actual total amount of money that you'll make in the year, rather than an unrealistic projection of what you'd be able to make if you never took a break or vacation.