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Yes because you day is half over at 3rd hour.
3.54 an hour if you work 24 hour a day for a whole year.
If you get paid $14.50 an hour, and you work 8 hours a day, 5 days a week, 52 weeks a year, then over the year you get paid 14.50 * 8 * 5 * 52 = $30,160 before tax.
If you work an 8 hour day for a week, you would earn $504 - taxes.