Current Events > Why is $30.34/hr working 40 hours per week, $63,128 in a year?

(+) Yeah! (+)

I am dum at math but I must've need to calculate some other way cause some calculation sites and my employers salary table thingy are the same but the number I ended up with are not the same as theirs

$30.34 times 40 hours=1 week=$1213.6

$1213.6 times 4 weeks=$4,854.4

$4,854.4 times 12 months= $58,252.8

So it seems like I'm off by 4,875.2

What did I do wrong?

there are 52 weeks in a year not 48

Because occasionally you'll get paid 5 times a month.

Shut the fuck up

Because you did the math wrong. Its the hourly rate times 80 hours times 26 pay periods in a year.

If the above explanations/calculations don't satisfy you,

"Employers are tipping you. But not the full 20%."

ArsGoetia posted...

there are 52 weeks in a year not 48

If I want to know how much I'd make with over time just figure out the amount I'd make from overtime in one week, add it to my regular pay for one week, use that number times it by 52?

GSWarriors- posted...

I am dum at math

indeed, I commend you for leading with this.

GSWarriors- posted...

If I want to know how much I'd make with over time just figure out the amount I'd make from overtime in one week, add it to my regular pay for one week, use that number times it by 52?

Not necessary.
I'm sure you have paid vacation, but you don't get paid overtime on the days you use them.

BewmHedshot posted...

indeed, I commend you for leading with this.

I have a hard time believing this isn't some weird trolling

Takuya_Lee posted...

Because you did the math wrong. Its the hourly rate times 80 hours times 26 pay periods in a year.

This.

Yeah, this comes into play sometimes when qualifying for apt rent income limits.

Technically monthly income is your gross for a week x 52 / 12. Which you will actually never literally get paid in any monthly period. But mathematically thats just how it works.