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$42.00 an hour is $84,000 a year in annual income. If you earn an hourly wage of $42.00 an hour and work for an average of 40 hours a week for 50 weeks a year, you'll earn a yearly salary of $84,000. The calculation assumes 50 work weeks with an average of two weeks of holidays in a year.
$42.00 an hour is $87,360 without vacation time. If you work a full 40-hour week for 52 weeks, that amounts to 2,080 hours of work. So $42.00 an hour in income times 2,080 is $87,360 salary per year.
To determine a more accurate picture of your take-home hourly wage, you'll also need to consider holidays, PTO, taxes, social security, and employer-sponsored health insurance. But discounting all those factors, $40.38 an hour works out to a gross annual wage of $87,360 without any time off.
The total number of working hours in 2022 is 2,088. There are a total of 261 working days in the United States, not accounting for holidays. If we multiply 261 working days by the average 8-hour workday, there are 2,088 possible working hours in 2022. Note, this doesn't count any overtime or weekends worked.
The number of hours you work per week can make a big impact on your annual salary. We broke down several scenarios of what your annual income would be based on the number of hours you work in each week.
| Hours Worked Per Week | Hourly Rate | Yearly Salary |
| 35.0 | $42.00 | $73,500.00 |
| 35.5 | $42.00 | $74,550.00 |
| 36.0 | $42.00 | $75,600.00 |
| 36.5 | $42.00 | $76,650.00 |
| 37.0 | $42.00 | $77,700.00 |
| 37.5 | $42.00 | $78,750.00 |
| 38.0 | $42.00 | $79,800.00 |
| 38.5 | $42.00 | $80,850.00 |
| 39.0 | $42.00 | $81,900.00 |
| 39.5 | $42.00 | $82,950.00 |
| 40.0 | $42.00 | $84,000.00 |
$42.00 an hour is $85,008 annual salary with paid holidays. The average American gets about 8 paid holidays each year, bringing the total number of working days in a year to 253. If we multiply the 253 working days by the average 8-hour workday, there are 2,024 work hours in a year with paid holidays. We then multiply $42.00 an hour by 2,024 working hours after holidays to get an annual salary of $85,008 with paid holidays.
Because the number of holidays can be variable, here's a table that breaks out hourly pay based on a common number of holidays.
| # Of Holidays | # Of Working Days | Yearly Salary |
| 5 | 256 | $86,016 |
| 6 | 255 | $85,680 |
| 7 | 254 | $85,344 |
| 8 | 253 | $85,008 |
| 9 | 252 | $84,672 |
| 10 | 251 | $84,336 |
| 11 | 250 | $84,000 |
| 12 | 249 | $83,664 |
| 13 | 248 | $83,328 |
| 14 | 247 | $82,992 |
$42.00 an hour is $7,000.00 a month. This is found by dividing $84,000 income of working 2,000 hours by the 12 months in a year. Note that if you are paid biweekly, some months will include two paychecks while other months will include three paychecks, so your total monthly pay will vary throughout the year.
$42.00 an hour in income is $37.09 an hour after federal taxes, roughly, if we assume you work 2,000 hours in a year (an average of 40 hours per week, with two weeks of total holidays). You're expected to pay about $9,819 in net federal taxes leaving you an annual after tax income of $74,181.

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