$62400 a year is how much an hour

$/year

$/hour

Hours Per Week

Weeks Per Year

$62,400 a year is $31.2 an hour (or $1248 per week)

Annual Salary to Hourly Wage Conversion Formula

[dollars-an-hour] = [dollars-a-year] ÷ ([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)

$62,400 a year to Hourly Wage Conversion breakdown and explanation

To make a conversion from yearly salary to hourly wage you have to divide yearly salary by the number of work hours in a week multiplied by working weeks in a year. Weekly wage you get by dividing yearly salary by number of weeks in a year.

So hourly wage in this case is equal to: $62400 ÷ (40 × 50) = 62400 ÷ 2000 = $31.2
Weekly wage is: $62400 ÷ 50 = $1248

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