Unit Converter

$55 an hour is how much a year

Hours Per Week
Weeks Per Year
$55 an hour is $110,000 a year (or $2200 per week)

Hourly Wage to Annual Salary Conversion Formula

[dollars-a-year] = [dollars-an-hour] × [hours-per-week] × [work-weeks-per-year]
By default [hours-per-week] = 40 (5 days × 8 hours) and work weeks are 50 (52 weeks minus 2 weeks off each year as average unpaid vacation time)

$55 an hour to Annual Salary Conversion breakdown and explanation

To convert from hourly wage to annual salary you need to multiply the hourly wage in dollars by work hours in a week and then multiply it once again by the number of working weeks in a year. If you want to calculate the weekly wage you need to calculate the hourly wage by the number of working hours in a week.

So in this case annual salary is equal to: $55 × 40 × 50 = 2200 × 50 = $110000
Weekly wage is equal to: $55 × 40 = $2200

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