How Much An Hour Do I Earn?
The question often arises, "If I earn $48,000 a year, how much an hour do I earn?" The answer is $22.50 per hour. There are several factors that determine the exact amount of taxes you will pay. As a general rule, you can expect to pay about 25 to 30 percent of your income in taxes. A typical tax rate for an individual earning $48,000 a year is about 25%, which means you would pay between one-third and one-fourth of your earnings.
If you were to take two weeks off every year, your hourly wage would be $24.25 per hr. For an individual earning $50 an hour, a full-time year's worth of work would equate to 26,000 hours. Then, you'd need to take vacations, or take two weeks off a year. To find your hourly wage, multiply your annual salary by the number of weeks you work.
The income you ea...