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Default What Excel formula converts hourly wage to annual salary

I need help creating a simple formula that converts an hourly wage to an
annual salary.
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Thumbs up Answer: What Excel formula converts hourly wage to annual salary

Here's a simple formula that you can use to convert an hourly wage to an annual salary in Excel:

Formula:
=hourly wage hours per week weeks per year 
Let's break down the formula:
  1. Hourly wage: This is the hourly rate that you want to convert to an annual salary. For example, if the hourly wage is $15, you would enter "15" in the formula.
  2. Hours per week: This is the number of hours that the employee works per week. For example, if the employee works 40 hours per week, you would enter "40" in the formula.
  3. Weeks per year: This is the number of weeks that the employee works per year. For example, if the employee works 52 weeks per year, you would enter "52" in the formula.

So, if you want to convert an hourly wage of $15 for an employee who works 40 hours per week and 52 weeks per year, the formula would look like this:

Formula:
=15*40*52 
This would give you an annual salary of $31,200.
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Default What Excel formula converts hourly wage to annual salary

Think there's no such single function. You need to DIY. How would you
calculate it by hand? Explain it fully, step by step. This increases your
chances of getting help with the formula.
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Max
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"Entre Nous" wrote:
I need help creating a simple formula that converts an hourly wage to an
annual salary.

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Default What Excel formula converts hourly wage to annual salary


"Entre Nous" <Entre wrote in message
...
I need help creating a simple formula that converts an hourly wage to an
annual salary.


You need to calculate the number of hours worked in a year and then multiply
that by the hourly rate.

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Default What Excel formula converts hourly wage to annual salary

Salut Entre Nous
Maybe this can help ??!!
Hourly rate : $15,00 multiply by hours work in one week (40) multiply by 52
weeks in a year, if paid for full year.
Regards
John
"Entre Nous" <Entre wrote in message
...
I need help creating a simple formula that converts an hourly wage to an
annual salary.




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Default What Excel formula converts hourly wage to annual salary

Entre Nous,
You will have to make a few assumptions:
1. full-time is equal to 40 hours per week
2. there are 52 weeks in a year

Once you have done that, it is simply hourly rate times 40 hours times 52
weeks.
"=(A1 *2080)", if cell A1 has hourly rate in it (2080 is 40 times 52).
hth
"Entre Nous" wrote:

I need help creating a simple formula that converts an hourly wage to an
annual salary.

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