How to estimate hourly wages without a pen on paper

In America, a full-time job typically means 40 hours per week for about 50 weeks, which means translates into 40 x 50 = 2,000 hours in a year. So, you can find your hourly wage by dividing your annual salary by 2,000.

Take a look at this example!

Let’s say you earn $60,000 in a full-time job. What is your hourly wage?

A good estimate is to divide your compensation by 2,000. This can be done expediently by halving your compensation and then dividing by 1,000 (moving the decimal 3 spots to the left).

So, let’s divide $50,000 by 2,000. We half $60,000 to get $30,000, and then we divide by 1,000 to get $30 per hour.

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