Convert your hourly wage to annual salary and every pay period.
The standard conversion multiplies your hourly rate by hours per week, then by weeks per year. Most full-time calculations use 40 hours and 52 weeks (2,080 hours per year). If you take unpaid time off, reduce the weeks accordingly.
$15/hour = $31,200/year. $20/hour = $41,600/year. $25/hour = $52,000/year. $30/hour = $62,400/year. $35/hour = $72,800/year. $40/hour = $83,200/year. $50/hour = $104,000/year. These assume 40 hours per week, 52 weeks per year.
Under the Fair Labor Standards Act, non-exempt employees must be paid 1.5x their regular rate for hours over 40 per week. A $20/hour employee working 50 hours earns $800 regular + $300 overtime = $1,100 that week. Over a year, those 10 overtime hours add $15,600 to annual income.