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# How To Convert Hourly Wage To Annual Salary

This is a simple solution for getting a close-to, approximate hourly wage to annual salary conversion. This calculation is easy to figure out quickly and is good-to-have walking around knowledge. Simply double the hourly figure and add 3 zeros.

This is not an exact figure, but a very close estimate that can be figured faster than it takes to find your calculator on your smartphone.

Note: This simple calculation only works for a full time employee that works 52 weeks a year at 40 hours per week.

The reverse also works when doing a quick estimate of what an hourly wage is when you know the annual salary. Start by taking the annual salary, moving the decimal left 3 places and dividing that number in half.

To illustrate a simple example of this. If you earn \$15 per hour, that would roughly equate to a salary of \$30,000 a year.

### Hourly Rate to Annual Salary Calculation

Doing the actual math computation would be as follows:
52 weeks in a year multiplied by a 40 hour work week would 2080 hours worked in a year. When you multiply the \$15 per hour by 2080 working hours you would get an actual annual salary of \$31,200.

Therefore, the reverse is also easy enough to figure out. For a salary of \$30,000 per year a wage estimate would be \$15 per hour. Again this is an estimate that will get you within the ballpark by using simple math.

### Annual Salary to Hourly Rate Calculation

Take the annual salary of \$30,000 and divide it by the number of hours for full time employment of 2080 (52 weeks x 40 hours per week). This calculation will give you \$14.42 hourly rate.

In addition to these quick calculations there are many on-line converters. If you are looking for a few more calculations going hourly wage to annual salary and more figures in-between, check out this awesome Hourly / Yearly Wage Conversion Estimator.  