What is your hourly rate if you are making 38500 a year?

Answer 1

Assuming 50 weeks of work per year and $ as the currency unit, the hourly rate for $38,500 per year is $19.25 per hour.

Starting with $38,500 we assume the following:

* An hourly worker only has two weeks of vacation (leaving 50 weeks of work)

* An hourly worker works 40 hours per week

So, we use the following equation:

$38,500 per year / 50 weeks per year = $770 per week

$770 per week / 40 hours per week = $19.25 per hour