To work out the hourly rate of an employee using their annual salary divide the annual salary by the number of hours worked during the year. A similar calculation can also be done using a monthly salary.
Know MoreTo calculate the number of hours worked in a year, take the amount of hours worked in a week and multiply that by 52. So assume the person works 37.5 hours a week. The calculation in this example would be 37.5 multiplied by 52, which equals 1,950 hours. So this employee works 1,950 hours in a year.
To get the hourly rate for the employee, divide the annual salary by the number of hours worked in the year. In the example mentioned above, assume the employee received a salary of $36,000 a year. That calculation would therefore be 36,000 divided by 1,950, which equals $18.46 an hour.
Sometimes it is easier to work out the hourly rate using a monthly salary rather than an annual salary. The number of hours worked in a month is required. If this is not available it can be worked out by multiplying the number of hours worked in a week by 52, and then dividing that by 12. To get the hourly rate divide this figure into the monthly salary.
According to Celebrity Net Worth, "Fox & Friends" anchor Gretchen Carlson's annual salary is around $800,000 per year. Carlson's net worth is right around $2.5 million, as of 2015.
Full Answer >To calculate biweekly salary, divide the annual salary by 26, according to Carol Deeb for the Houston Chronicle. For instance, a $50,000 annual salary is divided by 26 to get a biweekly salary of $1,923.08.
Full Answer >The hourly rate for contractors varies according to what skill set or specialty the contractor has. As of January 2015, general construction laborers earn between $9.46 and $28.32 per hour, according to the Bureau of Labor Statistics. Construction managers have a median hourly wage of $38.98.
Full Answer >The annual business revenue is how much money a company generates in a year, whether from sales or interest from investment. Companies must keep up with annual revenue as it is a number used for tax purposes.
Full Answer >