In the United States, the standard work year is typically based on a 40-hour workweek. If your yearly income amounts to $48,000, your hourly rate is approximately $23.08.
In the United States, the standard work year is typically based on a 40-hour workweek. If your yearly income amounts to $48,000, your hourly rate is approximately $23.08.
Full-time:
Calculating based on 52 weeks and 40 hours per week results in 2,080 hours per year.
Dividing $48,000 by 2,080 hours yields an hourly rate of $23.08.
To determine your gross hourly wage, divide this income by the annual hours worked (1,040). As a part-time employee, your hourly pay amounts to $23.08.