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Wage to Salary

What is Wage to Salary?

Wage to Salary is a method to calculate how much an hourly wage earner would be earning if they were paid in monthly salary. It is a wage to salary conversion method.

An example of such terminology would make it easy for understanding purposes:

Suppose an employee is earning per hour wage = $ 20

Multiply $ 20 with a week’s time i.e. 40 hours per week = $ 20 X 40 = $ 800 per week

Multiply per week wage with 52 weeks in an year = $ 800 X 52 = $ 41,600 per year salary

Note:
For converting from salary to wage, reverse the process as followed above.


Multiply $ 20 with a week’s time i.e. 40 hours per week =
$ 20 X 40 = $ 800 per week
Multiply per week wage with 52 weeks in an year =
$ 800 X 52 = $ 41,600 per year salary

Note:
For converting from salary to wage, reverse the process as followed above.

Related: Wages, Basic Salary Meaning, Annualized Salary