What is my salary worth by hour, month or pay period?

Multiply your hourly rate by the number of paid hours worked per week and then by the number of paid working weeks in the year. For a standard 40-hour schedule over 52 paid weeks, that is hourly rate × 40 × 52.

At 40 paid hours per week for 52 weeks, $30 per hour equals $62,400 in gross annual pay before tax. Unpaid time off, overtime, bonuses and different weekly hours can change the actual annual amount.

Divide annual gross salary by the number of paid hours worked in the year. For someone working 40 hours per week for 52 paid weeks, divide the annual salary by 2,080.

Using 2,080 paid hours per year, a $60,000 salary is about $28.85 per hour before tax. The effective hourly amount changes if you work more or fewer hours than the assumed schedule.

It depends on whether vacation is paid. A salaried employee with paid vacation can usually use all paid weeks, while an hourly worker with unpaid weeks should reduce the annual hours or weeks used in the conversion.