To find out how much $70 an hour is per year, you need to multiply the hourly rate by the number of hours worked in a year.
Step 1: Determine hours worked per year
- Typical full-time work hours per week: 40 hours
- Weeks per year: 52 weeks
Total hours per year = 40 hours/week × 52 weeks/year = 2,080 hours/year
Step 2: Calculate annual salary
Annual salary = Hourly rate × Hours per year
Annual salary = $70/hour × 2,080 hours/year = $145,600 per year
Summary:
If you earn $70 an hour and work full-time (40 hours per week), your annual salary would be approximately $145,600.
