So $40,000 is how much an hour?
The quick answer is $20 an hour.
Some might say the technical answer is $19.23 per hour.
But in this article I’ll show you how to calculate this in 5 seconds or less and you’ll be able to easily calculate for any salary instantly.
Calculating How Much Per Hour $40,000 a Year is
Ok, so let me show you the math from the above example.
Let’s assume you work 40 hours per week and 50 weeks per year (2 weeks of time unpaid you take off for vacation).
Take your $40,000 and divide is by 2000 (that’s 40 times 50) and you’re left with $20/hr
I prefer this method because it’s simple to calculate.
But there’s actually no need to know any of that math.
Let me simplify and make it even easier.
40,000 divided by 2,000 is the same as 40 divided by 2.
Remember that one from math class?
And which one is easier for you to do?
If you want to calculate and assume that you work for 52 weeks out of the year, I’ll show you that too but you better grab a calculator!
Take your $40,000 and divide it by 2080 (40 hours x 52 weeks) and you’re left with 19.23076923076923 (or $19.23/hr)
I prefer the method I can do instantly.
How about you?
You’ll be able to use this trick when looking at ideas for ways to make an extra $1,000 a month.
The Shortcut to Determine Hourly Rates
Ok, let’s have some fun…
How much per hour is $50,000?
How about $30,000? How much per hour is that?
Ok, last one.
How much per hour is $60,000?
Ok, really, the last one.
That’s right, $50/hr
It looks like you’re seeing the pattern!
If you didn’t catch it, it’s simple.
Divide the base number by 2 and that’s your approximate answer.
50/2 = 25
30/2 = 15
60/2 = 30
100/2 = 50
Yep, it really is that simple.
But here’s the cool thing.
This works easily in the opposite direction if you’re trying to quickly calculate how much you would make annually based on an hourly rate that you make.
Shortcut for Annual Salary Based on Hourly Rate
Instead of dividing, you’re going to multiply.
This time multiply that 20/hr x 40 hours per week that you work x 50 weeks per year that you’ll probably be working.
That’s $20 X 2000 (40×50)
Again, there’s a trick.
Don’t worry about the three zeros.
They will be there every time.
Let me give you a few examples and you can find the trick yourself.
If I make $15/hr then I’ll make $30,000 per year
If my pay is $25/hr then my annual salary is about $50,000 per year
And if I’m balling at $75/hr I’m making a cool $150,000 a year.
Do you see the short cut?
Yep, it’s easy.
You simply double your hourly rate and add 3 zeros to the end and that’s your annual pay.
To Wrap Up, $40,000 is How Much Per Hour?
Ok, it’s time for you to take this knowledge and go impress all of your friends.
Now, if anyone asks “40,000 a year is how much per hour?”
You’ll be able to instantly say “$20!”
Share this article with someone that needs to know how to do the math.
Or you can always simply just send them a link to the TikTok I created.