How much per hour is 72000 a year?
Understand the Problem
The question is asking to convert an annual salary of 72000 into an hourly wage. To solve this, we'll divide the annual amount by the number of work hours in a year, typically calculated as 40 hours per week for 52 weeks.
Answer
The hourly wage is approximately $34.62.
Answer for screen readers
The hourly wage is approximately $34.62.
Steps to Solve
- Determine the total number of work hours in a year
First, we need to calculate how many working hours there are in a year. Assuming a 40-hour work week and a standard year of 52 weeks, we calculate:
$$ \text{Total hours} = 40 , \text{hours/week} \times 52 , \text{weeks/year} = 2080 , \text{hours/year} $$
- Calculate the hourly wage
Now that we have the total hours worked in a year, we can find the hourly wage by dividing the annual salary by the total hours calculated:
$$ \text{Hourly wage} = \frac{\text{Annual Salary}}{\text{Total hours}} = \frac{72000}{2080} $$
- Perform the division
Now, let’s calculate the result of the division:
$$ \text{Hourly wage} = \frac{72000}{2080} \approx 34.62 $$
Thus, the hourly wage is approximately $34.62.
The hourly wage is approximately $34.62.
More Information
This conversion from annual salary to hourly wage is commonly used for jobs that pay hourly. It's important for budgeting and understanding your earnings on an hourly basis.
Tips
- Not accounting for unpaid time off or holidays when calculating total hours.
- Forgetting to divide by the correct number of work hours in a year; ensure you multiply the number of hours per week by the number of weeks you work.