Typically, when pay is expressed in terms of an annual rate, it is called a salary. A salary does not translate to a precise hourly rate because a salaried employee normally works varied hours (normally more than the standard 40 hours considered full-time). However, if you divide $54,000 by 40 hours for 52 weeks, the hourly rate would be $25.96
Multiply the hourly wage rate by 2,000
Multiply the hourly wage rate by 2,000
Average Annual Wage $63,740 Average Annual Range $48,780 to $76,200 Average Hourly Wage $30.64
Hourly wage
$25.00 per hour.
To calculate basic wage, first determine the employee's hourly rate or salary. For hourly workers, multiply the hourly rate by the number of hours worked in a pay period. For salaried employees, divide the annual salary by the number of pay periods in a year. This gives you the basic wage for that specific pay period.
The Mean Hourly Wage is the result of an Annual Wage Total divided by the number 2,080. The number 2,080 signifies the number of working hours total in a 1-year period for a full-time, 40-hour per work week employee.
Employment estimate and mean wage estimates for this occupation:Employment (1) Employment RSE (3) Mean hourly wage Mean annual wage (2) Wage RSE (3) 343,320 1.4 % $12.38 $25,760 0.7 % Percentile wage estimates for this occupation:Percentile 10% 25% 50% (Median) 75% 90% Hourly Wage $7.11 $8.20 $10.68 $14.46 $19.85 Annual Wage (2) $14,790 $17,060 $22,210 $30,080 $41,290
Most highly skilled professionals (doctors, engineers, scientists, etc) have irregular hours, and are paid as salaried employees.
No - they're usually 'salaried' - meaning they get a fixed annual wage. Their pay is usually issued monthly.
According to the U.S. Bureau of Labor Statistics the estimated mean annual wage for registered nurses as of May 2008 is, $65,130.
U.S. Bureau of Labor Statistics Division of Occupational Employment StatisticsOccupational Employment Statistics(For more information or help)Occupation: Dental Assistants (SOC code 319091) Period: May 2008Area nameAnnual mean wage(2)Annual median wage(2)Rhode Island34,15034,360Footnotes:(2) Annual wages have been calculated by multiplying the hourly mean wage by 2,080 hours; where an hourly mean wage is not published, the annual wage has been directly calculated from the reported survey data.