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It is short for fifty thousand dollars.
It's 110 pounds .
1k = 1,000 so 50k is 50,000
The standard work year is 2080 hours although actual hours worked might be less due to vacation and furlough days. 2080 x 29 hours is $60320. After tax however it might come out to only 45-50k.
Depends on the city, the firm and your skills. Entry level $30-50k