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Additional Details
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prettyat23 | Ok am I crazy, I need help. I think that 26,000 salary is 14 per hour. Several company's say it's 12.50. How? |
how is that rate calculated. If I want 14 per hour, what salary is that? |
 |
 
Lewis
|
If you take the 26,000 and divide by 12 then by 4 and then by 40 you come up with 13.56 an hour. The thing you have to look at is the pay periods don't always have four weeks in a month. Some have five and people get three paychecks in a month so when you figure a yearly salary you have to count this into your figure. |
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acermill
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The standard hours worked in a calendar year are 2,080. (40x52 wks) Dividing 26,000 by 2,080, I get $12.50/hr. In order to make $14/hr, your salary would need to increase to $29,120 annually. |
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K.C.
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I don't know how it's calculated but 12.50 sounds about right for 26,000 annual. I use to make 14.93 and my annual was 35,000 |
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Ron
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Just calculate 14/hrx40hr=560/weekx52weeks=29,120.00dol... per year.So the 12.50 /hr. is about right. Remember also, if you have medical ins. that normally would cost you 230/month. If you are happy in your job, that is the number one thing. I have jumped around in jobs, going for more money, but I am ending up going back to my previous employer, because when I weighed everything up, I was happy there, and more money does not always mean a better job. |
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aout
 |
It all depends on how many hours you work in a week.
If you work 40 hour weeks, then 26,000 will be $12.5/hour.
40X52= 2080 26,000/2080 = 12.5
So, to make $14/hour, you would need a salary of 29,500 and up. That would give you $14.18/hour. |
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Pengy
 |
It is $12.50 I think what you are getting confused by is thinking in terms that a month is four weeks, some are actually five. (the average for computing salary etc is 4.3)So take your salary divide by the number of weeks in a year 52 then divide by 40 |
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rolfsmitherines
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You multipy $14 by how many hours you work a week then multiply that by 4 because that's how many weeks there are in a month, then you multiply that by 12 because there are 12 months then you get your gross pay.
Example:
$10/hrX40hoursX4weeksX12months=gross annual salary
You could subtract federal and state taxes, social security and any other monies withheld, if applicable. Did you know Congress doesn't pay Social Security? |
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Rick F
 |
Ok, if you work at a job full time, that is equal to 2080 hours per year. Take your hourly rate and times it by 2080 and that will give your your annual salary. 14.00 per hour x 2080=29,120.00
per year.
26,000 = 12.50 per hour.
Hope this makes the rest of your salary determination much easier for you....just memorize 2080 and your good to go! |
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bonsaibean2000
 |
$26,000/52 weeks = $500 per week. $500/40 hours = $12.50 per hour. Many people try to use 50 weeks thinking that the "standard" 2 weeks of vacation don't count. Even if you get vacation time, it's usually paid at your normal rate, so you have to count it. |
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teresathegreat
 |
Divide the annual salary (26000) by 52 to get the weekly salary (500).
Divide the weekly salary by 40 (the average work week) to get the hourly rate (12.50).
$14 per hour = $29,120 per year |
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D J
 |
14 per hour x 40 hours a week x 52 weeks = $29,120 yearly
12.50 per hour x 40 hours a week x 52 weeks=$26,000 yearly |
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financing_loans
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Everybody else is wrong Im right
Salary is different per hour. It doesnt matter if you work 40 hours a week or 50 or 30... you get paid the same.
This is how we figure it in mortgages, you work 50 weeks a year (2 off for vacation). So you take the income of 26,000 and divide that by 50. That is 520 per week. You assume a 40 hour week so divide the 520/40 = 13
The job pays 13 dollars an hour for a salary job. At least thats what lenders and credit card companies thinks it pays.
The answer is 13
Unless its paid vacation then everybody else is right its 12.5.. But my answer was more entertaining. |
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Adam S
 |
It is $12.50 if you work 40 hours a week, 52 weeks a years.
40 x 52 = 2080 working hours a year.
26000/2080 = 12.5
This means that your salary works out to $12.50 per hour.
If you work less than 40 hours a week then it cold actually be $14 per hour, because you will be working less hours for the same amount of money. |
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pugetsound1973
 |
Most people who get paid salary work more than 40 hours a week so it is not possable to make a hourly rate out of it as no matter how much you work that week you still get the same salary.
If you get paid by the hour then $14 ( 52 x 40) = $29,120. ( but only if you get paid for and include the holidays)
So $26000/ (52 x 40) = 12.50 and hour.
SO to answer the question to get $14.00 per hour you would need a salery of $29,120. |
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glitters15
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I'm going to have to keep an eye on that.... I make $26,150 a year, which comes to like $12.57 an hour... When I calculated it came to more an hour.. but whatever.... |
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sandman
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40 hr /wk x 50 wks=2000hrs/yr....x $14=28,000 |
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atom.lile
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If you want 14 dollars per hour you would multiply 14*40hours a week = 560 per week. Then multiply 560*52weeks = 29,120 just a little bit more than 26. |
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moon
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According to my wage chart, a $26,000 salary IS $12.50 an hour. $14.00 an hour would be $29,120 yearly. |
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