To convert an annual salary to an hourly rate, we need to know how many hours are worked per year. The standard full-time assumption is 40 hours per week and 52 weeks per year. Let’s calculate it step by step.
- Total hours per year:
40 hours/week×52 weeks/year=2080 hours/year40 \text{ hours/week} \times 52 \text{ weeks/year} = 2080 \text{ hours/year}40 hours/week×52 weeks/year=2080 hours/year
- Hourly rate:
$60,000÷2080 hours=$28.85 per hour (approx)\$60,000 \div 2080 \text{ hours} = \$28.85 \text{ per hour (approx)}$60,000÷2080 hours=$28.85 per hour (approx)
✅ So, $60,000 per year ≈ $28.85 per hour if you work full-time (40 hours/week).