Gr00ber
Gr00ber OP t1_iy40ic5 wrote
Reply to comment by MyNameIsSkittles in LPT: It is easy to quickly convert hourly wage to yearly salary. Working full-time (40hrs/week) at $12/hr = $25k/yr, $24/hr = $50k/yr, etc. This conversion can be helpful when calculating raises or comparing compensation rates. by Gr00ber
Math. $12/hr x 40hr/week x 52weeks/year = $24,960 ~ $25k/year.
It's not a formula, it's a quick conversion factor.
Gr00ber OP t1_iy43yxg wrote
Reply to comment by MyNameIsSkittles in LPT: It is easy to quickly convert hourly wage to yearly salary. Working full-time (40hrs/week) at $12/hr = $25k/yr, $24/hr = $50k/yr, etc. This conversion can be helpful when calculating raises or comparing compensation rates. by Gr00ber
Didn't want to insult people's intelligence by spelling out a unit conversion, but guess I was overly optimistic.