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The standard for calculating an hourly rate from an annual rate (as a
payroll department would calculate it, and which I think was already
mentioned in this chain) is
(Annual rate) divided by 2080 = hourly rate
So... $68,000 per year would equal $32.6923 per hour.
I think the division factor of 1,000 was to figure what your take-home
(spendable) income would be if you were contracting. At least, that's
how I interpreted it.
Claire
Whoa, the numbers don't jive. $68/hour or $68,000 per year, which is it?
$68.00/hour is equivalent to financial compensation of $136,000/year.
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Michele E. Davis, Writer
Kraut Companies
612-824-3516
612-309-6903 (cell)
www.krautgrrl.com
www.krautboy.com
and the uber geek empyre
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