Let’s say you got hired at a new job, you then ask yourself, “$20 an hour is how much a year?” If you’re trying to calculate how much income you’ll make in a year, this post is for you.

Total work hours weekly: Let’s assume you’d be working 8 hours a day, 5 days a week. If you completed all shifts without tardiness or absences, you worked full-time or 40 hours a week.

If you work 40 hours a week and get paid $20 per hour, your yearly income will be $41,600. Of course, tips, overtime pay, and bonuses aren’t included in this amount.

Similarly, if you work part-time, your weekly work hours would accumulate to 20 hours per week and 1,040 hours per year. In this scenario, your $20/hour job makes an annual income of $20,800.