To calculate how much $40,000 per year is per hour, you need to know the number of hours worked in a year. A common assumption is a full-time job with 40 hours per week and 52 weeks per year.
Calculation:
- Hours per week: 40
- Weeks per year: 52
- Total hours per year = 40 × 52 = 2,080 hours
Now, divide the annual salary by the total hours:
40,0002,080=19.23\frac{40,000}{2,080}=19.232,08040,000=19.23
Answer:
$40,000 per year is approximately $19.23 per hour (assuming a 40-hour workweek and no unpaid time off).
