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 Entre Nous external usenet poster Posts: 1 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.
 ExcelBanter AI Excel Super Guru Posts: 1,867 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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Posted to microsoft.public.excel.newusers
 Max external usenet poster Posts: 9,221 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.
--
Max
Singapore
---
"Entre Nous" wrote:
I need help creating a simple formula that converts an hourly wage to an
annual salary.

Posted to microsoft.public.excel.newusers
 Gordon[_10_] external usenet poster Posts: 12 What Excel formula converts hourly wage to annual salary

Posted to microsoft.public.excel.newusers
 John[_22_] external usenet poster Posts: 694 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.

Posted to microsoft.public.excel.newusers
 zxc[_3_] external usenet poster Posts: 1 What Excel formula converts hourly wage to annual salary

John;3740188 Wrote:
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. -

Hourly to annual is a bit subjective and really aren't the same even
after calculation. You may want to consider some formula options
1) Vacation weeks are not paid but may be a percentage of total
2) Statuatory holidays
3) Overtime and it's rate if applicable
4) Any other applicable benefits and burden such as sick days

Generally, 1800 hrs/yr is a reasonable average and what we use for a
general equivilent.

zxc

--
zxc
Posted to microsoft.public.excel.newusers
 FloMM2 external usenet poster Posts: 207 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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