Pay & Income
Hourly rate
Spreads the annual salary across the paid hours in the year.
The Formula
Hourly = Annual / (Weeks x Hours per week)
Spreads the annual salary across the paid hours in the year.
| Symbol | Meaning | Unit | Notes |
|---|---|---|---|
| A | Annual salary | currency | Gross salary for the year. |
| W | Weeks per year | count | Paid weeks in the year. |
| H | Hours per week | count | Contracted paid hours each week. |
What Each Symbol Means
Acurrency
Annual salary
Gross salary for the year.
Wcount
Weeks per year
Paid weeks in the year.
Hcount
Hours per week
Contracted paid hours each week.
See It Worked With Real Numbers
A formula on its own does not tell you which number goes where. The how to calculate salary page applies this equation to a concrete case, shows every intermediate step, and names the mistakes that produce a wrong answer even when the algebra is right.
Where This Formula Appears
This equation is the working core of How To Calculate Salary, filed under Finance. Every number the guide produces comes from substituting into this one line.