To convert an annual salary of $70,000 to an hourly wage, you can follow these steps:
Step 1: Determine the number of work hours in a year
- Typically, a full-time job assumes about 40 hours per week.
- There are 52 weeks in a year.
- So, total work hours per year = 40 hours/week × 52 weeks/year = 2,080 hours/year.
Step 2: Calculate the hourly wage
- Hourly wage = Annual salary ÷ Total work hours
- Hourly wage = $70,000 ÷ 2,080 hours ≈ $33.65 per hour
Summary:
If you earn $70,000 per year and work full-time (40 hours per week), your approximate hourly wage is $33.65/hour.
