32000 a year is what hourly?

Answer 1

That totally depends on the number of hours works.

Working a standard 40-hour week, you put in 2080 hours a year (including vacation); 40 x 52 = 2080. So if you work 2080 hours a year, $32,000 comes to an hourly rate of $15.38.

If it's a salaried position, though, "exempt," there won't be any minutes docked, and there won't be any overtime pay. So the end result could be different from what you'd get at a straight hourly rate.

Answer 2

The hourly rate for $24,500 is about $11.77 an hour. This is based on a standard 8 hour workday, a 5 day work-week for 52 weeks in a year (which includes any holiday or vacation time).

How is this is calculated? First, the number of hours for the year needs to be calculated. By roughly calculating a usual 8 hour day x a usual 5-day work-week x 52 work-weeks in a year... 8 x 5 x52 = 2080. By dividing any given annual salary by 2080, the hourly rate can be determined. $24,500 / 2080 = $11.77

This formula can obviously be adjusted to suit any work schedule, just multiply the number of hours scheduled to work by the number of days scheduled to work. The resulting number will be the divisor to be used against the stated salary.

For instance a nursing position has an annual salary of $80k and the job works 12 hour days for four days a week for 52 weeks a year. 12 x 4 x 52 = 2496 hours. By using 2496 as the divisor, $80,000 / 2496 = $32.05.

Hope this helps...

Bruce

Answer 3

Depends how many hours in a working week (some countries have different definitions of the duration of a week).

• Generally an 8 hour working day is accepted (without any overtime included); again overtime rates differ between countries.
• Also it is accepted that a 5 day working week is standard, again some countries have a 6 day working week.
• It is also expected that you may (or may not) get a 30 day paid vacation per calender year.

30 * 8 hours per day = 240
240 x 5 working days = 1,200
1,200 x 52 weeks = 62,400

* no currency was specified.

If need be, change some of the above parameters to fit the situation, it is really a simple calculation.

Answer 4

About $16.83 per hour.

Answer 5

$14.42 per hour.