How to Calculate Yearly Wage
- 1). Determine your hourly pay. Your employer usually tells you this amount before you start working. For example, a person makes $20 an hour.
- 2). Multiply your hourly wage by the average number of hours worked per week. In the example, the person works eight hours a day for five days each week, for a total of 40 hours a week. Multiplying $20 an hour by 40 hours a week equals $800 a week.
- 3). Multiply the weekly paycheck by the number of weeks worked per year. In the example, the person works 50 weeks a year. So 50 weeks times $800 a week equals a yearly wage of $40,000 before taxes.
Source...