An Hourly Worker is paid on the basis of the number of hours of work. The hourly wage is mutually agreed and conversion of annual salary to the hourly rate is ‘salary to hourly’.
Formula
Annual salary = Hourly Wage × Work Hours Per Week × 52 Weeks
Example
From an annual salary: $50000 per year / 52 weeks / 40 hours per week = $24.04 per hour
From a monthly wage: $5000 per month * 12 / 52 weeks / 40 hours per week = $28.85
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