Rate conversions
Annual/hourly
To convert annual (12-month) salary to hourly, divide by 2080.
To convert hourly pay to annual (12-month), multiply by 2080.
Examples:
- Annual $35,000/2080=$16.83 per hour
- Hourly $15.00 x 2080 = $31,200 annual
9-month/12-month
To convert 9-month annual rate to 12-month annual rate:
a) or
b) 9-month salary/9= y, and then y*12.
Example:
$30,000 annual (9-month)/9=3333.33;
3333.33*12 =$40,000 annual (12-month)
9-month to hourly
To convert 9-month annual rate to hourly:
- Step one: Convert 9-month annual rate to 12-month annual rate: 9-month salary/9=y, and then y*12.
Example: $37,998/9= $4,222; $4,222*12 = $50,664
- Step two: Divide 12-month annual by 2080 to get hourly.
Example: $50,664/2080 = $24.36