Guest guest Posted September 1, 1999 Report Share Posted September 1, 1999 In a message dated 8/31/99 9:24:24 PM Central Daylight Time, jeasley@... writes: << I am interested to find out how 8.00/hr equals 26,500 annual salary based on a 40 hour work week. If my math skills haven't totally left me, 40 X 52 = 2,080. Consequently 2,080 X 8 = 16,640. There must be an exceptional benefit and bonus package to go along with the salary. >> If a system pays 8.00/hr and overtime for any hours over 40/wk, and staff work a 24/48 shift, use the factor of 3340 X rate of pay per hour, will give you the annual earnings based on no additional shifts or bonuses. $8.00/hour = $26,720 annually. Please understand that this formula only works with the 24/48 shifts and " time and a half " for any hours worked over 40/week. Quote Link to comment Share on other sites More sharing options...
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