Credit:Guy SieCC-BY-SA 2.0
Q:

# How do I calculate how much I make an hour?

A:

The hourly rate of pay is calculated by dividing the gross salary for a specific period by the number of hours worked in that same period. Gross salary is the amount earned prior to any deductions.

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The same formula applies whether the salary being converted is annual, monthly, bi-monthly, or weekly. For example, if an individual receives a weekly check with a gross pay of \$1,200, and he worked 40 hours that week, his hourly rate is \$30.00. Similarly, an individual receiving an annual gross salary of \$62,400 who works 40 hours per week, or 2,080 hours annually, also makes \$30.00 per hour.

## Related Questions

• A:

Divide the number of employees who left the organization during that specified time period by the average number of employees employed during the same period of time to find the employee turnover rate percentage. The lower the percentage, the better an organization is at retaining employees.

• A:

Prorated amounts are calculated by dividing the cost of a service by the number of days in the service period, according to Lucas Hall from Landlordology. The resulting number is then multiplied by the number of days the service is used to find the prorated amount.