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This question is about salaries.
How to convert an hourly wage to a salary
To convert an hourly wage to a salary you need to take your hourly wage figure and multiply it by the amount of paid hours you work each week, and then multiply that figure by the amount of paid weeks you work in a year. This is the way to convert an hourly wage into an annual salary figure.
Here is the process to convert hourly wage to salary in formula form:
Salary = Hourly Wage x Hours Per Week x Weeks Worked Per Year
For reference and guidance purposes, a standard work week is considered to be one consisting of 40 hours of work. This normally breaks down to 8 hours per day workday increments. It is worth noting as well that if you take two weeks of unpaid leave per year, the number of weeks you use in this calculation will be 50 weeks, not 52 weeks.
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