500 per day annual salary

500 per day annual salary DEFAULT

500 dollars an hour is how much a year?

As a simple baseline calculation, let's say you take 2 weeks off each year as unpaid vacation time. Then you would be working 50 weeks of the year, and if you work a typical 40 hours a week, you have a total of 2,000 hours of work each year. In this case, you can quickly compute the annual salary by multiplying the hourly wage by 2000. Your hourly pay of 500 dollars is then equivalent to an average annual income of $1,000,000 per year.

Want to reverse the calculation? Start with the annual salary and answer the question:  1000,000 a year is how much hourly?


Now let's consider the case where you get paid 500 dollars an hour, but you get an additional 2 weeks of paid vacation. You get the same result if you work all year with no vacation time. In the previous case, we assumed 2 weeks of unpaid vacation, so your total year consisted of 50 weeks. But if you get paid for 2 extra weeks of vacation (at your regular hourly rate), or you actually work for those 2 extra weeks, then your total year now consists of 52 weeks. Assuming 40 hours a week, that equals 2,080 hours in a year. Your hourly wage of 500 dollars would end up being about $1,040,000 per year in salary.


If you wanted to be even more accurate, you can count the exact number of working days this year. 2021 starts on a Friday (January 1, 2021) and ends on a Friday (December 31, 2021). It has a total of 365 days in the year including both weekdays and weekends. There are 104 weekend days (counting every Saturday and Sunday in the year), and 261 weekdays (Monday through Friday). So if you worked a normal 8 hour day on every weekday, and didn't work any overtime on the weekends, you would have worked a total of 2,088 hours over the 2021 year. You can then convert your hourly pay to a yearly salary of roughly $1,044,000 per year.

Remember that most companies give employees time off for various holidays, so that should really be included in the calculation. If your company decided to switch you from hourly pay to salary, you might get paid $1,044,000 per year, but you wouldn't actually have to work 2,088 hours since some of those days would be holidays. So your yearly income wouldn't necessarily change, but the actual number of hours you work over the year might be slightly less.


If you're working a regular 8-hour day, then you can simply take your hourly wage and multiply it by 8 to get your daily rate. So making 500 dollars per hour is equivalent to making $4,000 per day.


Assuming you work 40 hours a week, you would make $20,000 per week.


If you look at an average month as 4 weeks, then you can estimate the average monthly earnings from 500 dollars per hour to be $80,000 per month. Of course, some months are longer than others, so this is just a rough average. Another way to estimate the amount you make each month is to divide the annual salary by 12 months. For example, if you calculate the yearly total to be $1,044,000 per year, then your monthly average would be $87,000 per month.



ConvertUnits.com provides a tool you can use to calculate the equivalent annual salary based on your hourly wage. You can factor in paid vacation time and holidays to figure out the total number of working days in a year. The salary calculator will also give you information on your daily, weekly, and monthly earnings. Remember that a full salary with benefits can include health insurance and retirement benefits that add more value to your total annual salary compared to similar hourly rates. You may also want to factor in overtime pay and the effects of any income taxes on your take home pay. Type in your own numbers to convert hourly to annual pay.

Sours: https://www.convertunits.com/hourly/500

MTS Wage Calculator

Instructions:

  1. Enter an amount of money (with no $ or ,) in the field below.
  2. Select one of the options below to let the wage calculator know how often one would receive this amount.
  3. Click Calculate.
You will see the hourly wage, weekly wage, monthly wage, and annual salary, based on the amount given and its pay frequency. Please note this is based on a 40 hour work week with 52 weeks per year and 12 months per year. The 40 hour work week is 5 8 hour days. Any wage or salary amount calculated here is the gross income.

I first created this wage calculator when I was job searching and wanted to know how much money I would earn per hour, week, month, and year, but didn't want to calculate them over and over. This wage calculator can help you determine your wages, salary, or budget, and plan for the calendar year. Please see the instructions to continue.

I hope this daily wage calculator will prove useful for letting you know how to find your daily rate, salary, and pay. Converting annual salary into daily wage is done based on the rate per hour.

Sours: https://www.mtscastlerock.com/calc/
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Jobs That Pay $100 (Or More) Per Hour

$100+ Per Hour Jobs

Jobs that pay $100 an hour or more aren’t easy to come by. There are two basic types of these high-paying jobs: Those where you get that rate full time, bringing your annual salary to more than $200,000 a year, and those where you only work part time — say five to 20 hours a week. So, you make $100 an hour but your annual salary doesn’t make you a high roller. “Being able to get $100 an hour is rare,” said Al Lee, the director of quantitative analysis at . The median hourly wage in the U.S. is $
Sources: PayScale, Monster.com, Simply Hired, Odd Job Nation, U.S. Labor Department, industry organizations

Jobs that pay $100 an hour or more aren’t easy to come by.

There are two basic types of these high-paying jobs: Those where you get that rate full time, bringing your annual salary to more than $200,000 a year, and those where you only work part time — say five to 20 hours a week. So, you make $100 an hour but your annual salary doesn’t make you a high roller.

“Being able to get $100 an hour is rare,” said Al Lee, the director of quantitative analysis at PayScale.com. The median hourly wage in the U.S. is $16 an hour, he points out, so earning $100 an hour would be more than six times what the average worker makes.

Lee says the three easiest ways to get a $100 an hour job are: 1) Become a doctor, 2) Become a CEO of a large company (500 employees or more) or 3) Manage other people’s money (stock broker, portfolio manager, etc.).

So, most of the time, you’re going to need higher education like a medical degree, law degree or at least an MBA. Though, as you’ll see, there are a few exceptions on the list for those with special talents in the arts. It’s also important to note with most of the jobs, you’re not going to earn $100 an hour out of the gate — you’ll need to stay in the business for a few years.

Click ahead to read about a dozen Jobs That Pay $100 or More an Hour.

By Cindy Perman
Posted 8 Dec 2010

Underwater Welder

Actually the technical name is “saturation diver,” which means you do deep-water construction like pipe replacement and pipe repair, usually for oil and gas companies. You can make $900 to $1200 a day, according to the working extreme hours (30 days at sea with 12-hour shifts) in extreme conditions – the “saturation” part refers to maxing out your body’s capability to handle the pressure of being at depths of 700 feet or more for extended periods of time. Divers are actually brought down to the
Photo: United States Navy

Actually the technical name is “saturation diver,” which means you do deep-water construction like pipe replacement and pipe repair, usually for oil and gas companies.

You can make $900 to $1200 a day, according to the Commercial Diving Academy,working extreme hours (30 days at sea with 12-hour shifts) in extreme conditions – the “saturation” part refers to maxing out your body’s capability to handle the pressure of being at depths of 700 feet or more for extended periods of time. Divers are actually brought down to the site in a hyperbolic chamber, explained Dusty Harrison, the placement director at the academy, and live in a pressurized habitat while they’re on the dive.

Check current job listings for commercial divers from Simply Hired.

Anesthesiologist

It’s not uncommon for doctors to earn $100 an hour or more but one category you might not expect is anesthesiologist. These are the doctors – yes, they are MDs -- who administer anesthetics, the drugs that knock a patient out, during surgery or other medical procedure.The mean hourly wage is $101.80, according to The pay is so high because the patient’s very life is in their hands: They not only determine how much of anesthetic to administer but also record and monitor the patient’s vital signs
Photo: Andrew Olney | Digital Vision | Getty Images

It’s not uncommon for doctors to earn $100 an hour or more but one category you might not expect is anesthesiologist. These are the doctors – yes, they are MDs -- who administer anesthetics, the drugs that knock a patient out, during surgery or other medical procedure.

The mean hourly wage is $101.80, according to the Labor Department.The pay is so high because the patient’s very life is in their hands: They not only determine how much of anesthetic to administer but also record and monitor the patient’s vital signs throughout the surgery.

Those working in doctors’ offices typically earn the most, compared to those who work in hospitals, out-patient clinics or universities. The states with the best chances of earning over $100 an hour are Arizona and Tennessee. The outlook for this profession is good, due to a growing population and growing health-care needs.

Check current job listings for anesthesiologists from Simply Hired.

Commercial Pilot

The top 10 percent of commercial pilots earn an average of $120 an hour, according to PayScale.com. However, this is one of those cases where most pilots don’t have high annual salary because that’s the rate for flight hours and they’re not in the air 40 hours a week. limit flying time to a max of 100 hours a month or 1,000 hours a year. A lot of pilots learn to fly in the military but an increasing number have college degrees and training from an according to the Labor Department. The best opp

The top 10 percent of commercial pilots earn an average of $120 an hour, according to PayScale.com. However, this is one of those cases where most pilots don’t have high annual salary because that’s the rate for flight hours and they’re not in the air 40 hours a week. FAA regulations limit flying time to a max of 100 hours a month or 1,000 hours a year.

A lot of pilots learn to fly in the military but an increasing number have college degrees and training from an FAA-certified flight school,according to the Labor Department. The best opportunities are with commercial airlines but many require 4,000 flight hours before they’ll hire you.

Getting to travel is a perk but it can be grueling: Pilots spend, on average, 360 hours a month away from their home base, according to the Airline Pilots Association. Plus, the work can be dangerous — not just the risk of a crash but risk of hearing loss.

Check current job listings for commercial pilots from Simply Hired.

Tattoo Artist

The top 10 percent of tattoo artists earn on average $130 an hour but, like pilots, they’re not working 40 hours a week at that rate. They usually negotiate a price per tattoo with the client. There are some tattoo schools but in general, there are no education requirements, rather most tattoo artists learn via an apprenticeship with an experienced tattoo artist, which may be paid or unpaid. Working for a shop is a good way to get experience and build clients but the top earners tend to be self-
Photo: Glowimages | Getty Images

The top 10 percent of tattoo artists earn on average $130 an hour but, like pilots, they’re not working 40 hours a week at that rate. They usually negotiate a price per tattoo with the client.

There are some tattoo schools but in general, there are no education requirements, rather most tattoo artists learn via an apprenticeship with an experienced tattoo artist, which may be paid or unpaid. Working for a shop is a good way to get experience and build clients but the top earners tend to be self-employed. Most shops also offer piercing and some sell clothing as way to supplement income.

Check current job listings for tattoo artists from Simply Hired.

Arbitrator

Arbitrators are legal professionals who help settle disputes outside of court, a quicker and cheaper resolution, though make no mistake — arbitrators still make a good buck. PayScale estimates that the top 10 percent earn $130 on average. Arbitrators tend to be attorneys or business professionals with special expertise, though they are a neutral party in the dispute. There is no standard requirement for being an arbitrator — this varies by state. Most arbitrators go to law school or have a maste
Photo: Frances Twitty | Istock Exclusive | Getty Images

Arbitrators are legal professionals who help settle disputes outside of court, a quicker and cheaper resolution, though make no mistake — arbitrators still make a good buck. PayScale estimates that the top 10 percent earn $130 on average.

Arbitrators tend to be attorneys or business professionals with special expertise, though they are a neutral party in the dispute.

There is no standard requirement for being an arbitrator — this varies by state. Most arbitrators go to law school or have a masters’ degree in public policy, law or other field. Many also go through a special mediation-training program which is 40 to 60 hours. Currently, only five states — Florida, New Hampshire, North Carolina, South Carolina, and Virginia — have certification programs. The Navy also certifies mediators.

The job outlook for arbitrators is expected to be above average in the next decade as individuals and corporations increasingly try to stay out of court.

Check current job listings for arbitrators at Simply Hired.

Orthodontist

Braces! Tons of kids need them and orthodontists make top dollar straightening out those teeth. The mean hourly wage is $99.13 an hour, according to which means probably half of the profession earns $100 or more an hour. The highest-paying states for orthodontists are Alabama, Oregon and Oklahoma, the department reports.Becoming an orthodontist requires 2-3 years of specialized education beyond dental school, according to the Check current job listings for orthodontists from

Braces! Tons of kids need them and orthodontists make top dollar straightening out those teeth. The mean hourly wage is $99.13 an hour, according to the Labor Department, which means probably half of the profession earns $100 or more an hour. The highest-paying states for orthodontists are Alabama, Oregon and Oklahoma, the department reports.

Becoming an orthodontist requires 2-3 years of specialized education beyond dental school, according to the American Association of Orthodontists.

Check current job listings for orthodontists from Simply Hired.

Freelance Photographer

Most freelance photographers earn $13 to $50 an hour but the top 10 percent, on average, earn $100 an hour, according to PayScale. Commercial photographers and those who specialize in graphic art and design tend to be among the highest paid. Geographically, the highest rates are in New York and Boston. And most don’t get close to that $100 mark until they’ve had 5 to 10 years experience. Most, of course, don’t get health or retirement benefits which can eat into that $100 an hour paycheck. Check
Photo: David Malan | Photographer's Choice | Getty Images

Most freelance photographers earn $13 to $50 an hour but the top 10 percent, on average, earn $100 an hour, according to PayScale.

Commercial photographers and those who specialize in graphic art and design tend to be among the highest paid. Geographically, the highest rates are in New York and Boston. And most don’t get close to that $100 mark until they’ve had 5 to 10 years experience. Most, of course, don’t get health or retirement benefits which can eat into that $100 an hour paycheck.

Check current job listings for freelance photographers at Simply Hired.

Interior Designer

The top 10 percent of interior designers earn, on average, $100 an hour, according to PayScale. Those who can provide architectural, engineering and other specialized services in addition to design tend to earn top dollar. Most firms require a bachelor’s degree and some states license interior designers, though there are many interior designers who don’t have a degree. The key is to have a good eye for design – and be able give clients a space they like and that meets their needs. over the next

The top 10 percent of interior designers earn, on average, $100 an hour, according to PayScale. Those who can provide architectural, engineering and other specialized services in addition to design tend to earn top dollar.

Most firms require a bachelor’s degree and some states license interior designers, though there are many interior designers who don’t have a degree. The key is to have a good eye for design – and be able give clients a space they like and that meets their needs.

Demand is expected to be strongover the next decade as more people discover the benefits of hiring a designer for remodeling projects but competition for the jobs is expected to be tough, according to the Labor Department. The highest salaries are in Las Vegas, San Francisco, Arlington, Va., San Jose, Calif., Los Angeles and New York, according to Simply Hired.

Check current listings for interior designers at Simply Hired.

Hand Model

“Parts” models as they’re called in the biz, may be selected for their extraordinary hands, feet, torso or other body parts to model "everything from diapers to diamonds" as one hand model told Katie Couric. They tend to earn according to Job Monkey. One of the downsides is that parts models have to take extra good care of the part that brings home the bacon. One hand model said she moisturizes 25 to 30 times a day and wears gloves every day. Of course, you can’t wash dishes, clean, garden or do
Photo: Andrew Unangst | Photographer's Choice | Getty Images

“Parts” models as they’re called in the biz, may be selected for their extraordinary hands, feet, torso or other body parts to model "everything from diapers to diamonds" as one hand model told Katie Couric. They tend to earn about $100 an hour,according to Job Monkey.

One of the downsides is that parts models have to take extra good care of the part that brings home the bacon. One hand model said she moisturizes 25 to 30 times a day and wears gloves every day. Of course, you can’t wash dishes, clean, garden or do other tasks that jeopardize your part with something like — gasp! — a paper cut. And then, there comes a time when you need to think about insuring your part. Remember that time we learned that Heidi Klum's legs are insured for more than $2 million? Internet has it that one is worth less than the other because of imperfections!

Life Coach

Being a “life coach” is a relatively new profession. It’s part therapist, part career coach and designed to help people “bridge the gap between where they are and where they want to be in their profession and their personal life,” according to the which likens it to how a coach trains an athlete to “win the gold medal not just be in the race.” Life coaches on average earn $100 to $150 an hour, according to the Executive and corporate coaches tend to earn the most.Life coaches are often certifie
Photo: David Buffington | Digital Vision | Getty Images

Being a “life coach” is a relatively new profession. It’s part therapist, part career coach and designed to help people “bridge the gap between where they are and where they want to be in their profession and their personal life,” according to the Institute for Life Coach Training,which likens it to how a coach trains an athlete to “win the gold medal not just be in the race.”
Life coaches on average earn $100 to $150 an hour, according to the International Coaching Federation. Executive and corporate coaches tend to earn the most.

Life coaches are often certified therapists (master’s degree or doctorate plus certification) and then take special life-coach training like the ILCT’s 40-hour training program. Most — particularly the top earners — are self-employed.

Massage Therapist

Massage therapists can make $100 an hour or more, according to the , though you probably won’t make that in a spa — the highest earners are in private practice. The average is $45 an hour. Geographically, the potential for earning that $100+ an hour is highest in big cities like New York, Los Angeles and Chicago. Massage therapists have to graduate from a 500-hour training program through a massage school in order to be certified, according to the American Massage Therapy Association.The job out
Photo: FEV Create Inc. | Photodisc | Getty Images

Massage therapists can make $100 an hour or more, according to the American Massage Therapy Association, though you probably won’t make that in a spa — the highest earners are in private practice. The average is $45 an hour. Geographically, the potential for earning that $100+ an hour is highest in big cities like New York, Los Angeles and Chicago.

Massage therapists have to graduate from a 500-hour training program through a massage school in order to be certified, according to the American Massage Therapy Association.

The job outlook is strong with a lot of growth potential as more people are starting to realize the health benefits of massage — not just the relaxation benefits. Hospitals are increasingly using massage therapy for pain management, cancer-related fatigue, pregnancy and physical therapy as well as for preventative measures like boosting the immune system and lowering blood pressure, according to the AMTA.

Check current job listings for massage therapists at the AMTA site.

Political Speechwriter

The informal consensus is that political speechwriters earn $100 an hour, according to a book by Allan Taylor, James Robert Parish and Brad Schreiber. Of course, you won’t earn that right away – you probably have to log several years in a congressman’s office or other political office. And, most speechwriters charge by the speech, assuming it will take about 30 hours at $100 an hour. An undergraduate degree in communications, English, journalism or liberal arts is usually standard. Demand for sp

The informal consensus is that political speechwriters earn $100 an hour, according to “Career Opportunities in Writing,”a book by Allan Taylor, James Robert Parish and Brad Schreiber.

Of course, you won’t earn that right away – you probably have to log several years in a congressman’s office or other political office. And, most speechwriters charge by the speech, assuming it will take about 30 hours at $100 an hour. An undergraduate degree in communications, English, journalism or liberal arts is usually standard.

Demand for speechwriters is expected to be strong and with elections held every two to four years – steady.

Check current job listings for political speechwriters at Simply Hired.

Sours: https://www.cnbc.com/2010/12/08/Jobs-That-Pay-$100-(Or-More)-Per-Hour.html
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Convert Yearly Wages to Daily Income

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How Much do You Earn Daily?

Happy Salary Man Daily Activities.

Most years have 365 days in them while leap years have 366 days. Few people work every day of the year though, with a 5-day work week being the most common schedule. Many employers also often give workers a week off around the holidays near the end of the year & another week of vacation or sick time to use in the summer or throughout the rest of the year. Since years have 52 weeks in them, a work year with 2 weeks off consists of 50 weeks. Employees who work 5 days a week thus tend to work about 250 day, less any other holidays & time off. The following table shows the equivalent daily pre-tax income associated with various annual salaries for a person who worked either 200, 250 or 365 days in a year. The more days you work each week the lower your equivalent daily income if you are based on a fixed annual salary.

Annual IncomeDaily Income 200 Day YearDaily Income 250 Day YearDaily Income 365 Day Year
$10,000$50.00$40.00$27.40
$20,000$100.00$80.00$54.79
$30,000$150.00$120.00$82.19
$40,000$200.00$160.00$109.59
$50,000$250.00$200.00$136.99
$60,000$300.00$240.00$164.38
$70,000$350.00$280.00$191.78
$80,000$400.00$320.00$219.18
$90,000$450.00$360.00$246.58
$100,000$500.00$400.00$273.97
$120,000$600.00$480.00$328.77
$150,000$750.00$600.00$410.96
$200,000$1,000.00$800.00$547.95
$250,000$1,250.00$1,000.00$684.93
$500,000$2,500.00$2,000.00$1,369.86
$750,000$3,750.00$3,000.00$2,054.79
$1,000,000$5,000.00$4,000.00$2,739.73

 

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Sours: https://calculator.me/planning/annual-to-daily.php

Per day annual salary 500

Salary to Hourly - Paycheck Calculator

Salary to hourly wage calculator lets you see how much you earn over different periods. It is a flexible tool that allows you to convert your annual remuneration to an hourly paycheck, recalculate monthly wage to hourly rate, weekly rate to a yearly wage, etc. This salary converter does it all very quickly and easily, saving you time and effort. In the article below, you can find information about salary ranges, a closer look at hourly and annual types of employment, as well as the pros and cons for each of these. Moreover, you can find a step-by-step explanation of how to use this paycheck calculator down below.

Salary to hourly

Looking for a new job is a tough and stressful task. You need to change your community, coworkers, place, and even habits. But a job change can be essential for your career at a certain time. You will be better off if you face and overcome these difficulties.

Nowadays, thanks to the Internet, we have access to a huge amount of job offers globally. You can easily check your city, another state, nearby countries, or even another continent for new prospects. That might be confusing. However, a few factors might be decisive for your final choice. For many of us, salary is one of the most important aspects while choosing a particular job position. For the rest of us, even it is not the top priority element, it is still one of the most significant motivators that lead us to say: ok, I want to work here. So, let's take a closer look at how to draw conclusions from the numbers. Your future employer may introduce a salary offer in a few different ways:

  • hourly wage
  • daily wage
  • weekly wage
  • monthly wage
  • annual wage

In fact, all of them sum up to the same value, if considered over the same period of time. However, when you take a first look at different job offers, where salary is presented in various ways, the whole issue may confuse you. You might be not able to easily compare the rates. To have a clear view, first, you need to do some math with the numbers. If you have many offers to recalculate, that will take a long time, and if you make a mistake the consequences could be dire. A much nicer and easier way is to use this paycheck calculator and have all the results immediately.

Paycheck calculator

This salary to hourly converter can save a lot of your time and effort. And time is money, right? Imagine if you didn't need to do all these boring calculations or to compare the salaries manually. Nice, isn't it? Thanks to us, it is possible! We provide you the smart salary converter that recalculates all types of wages mentioned in the paragraph above. The only two things you need to do is enter how many hours per week you work and fill in the value for one type of wage, e.g., the monthly wage. Results for all other wage types will be shown automatically. That's cool!

What is more, the appropriate currency for your country is already set by default. If you want to perform a few calculations in a row for different salaries, it won't be a problem - simply lock the hours per week field and it will not change every time you type in a new value. Moreover, you can open the advanced mode and check how much you earn per each minute and second. Take a look at these values too, sometimes they're really surprising!

In this salary converter, we made a few assumptions for the purpose of simplifying the calculations. By default, the week is 40 hours long, but you can freely configure it according to your needs. A year is 52 weeks, and a month is 1/12 of a year.

How to calculate an hourly rate?

Here, we would like to explain to you the math behind the calculations. Let's work out how to get the hourly rate based on other given wages. Follow the step-by-step example below to understand everything correctly. For this purpose, let's assume some numbers: the annual salary in our case is $50,000, and we work 40 hours per week.

  • Annual salary to hourly wage
  • Monthly wage to hourly wage
  • Weekly paycheck to hourly rate
  • Daily wage to hourly rate

Salary range

When talking about payments in specific job positions, we often use the term salary range. What does it mean? In fact, the meaning is depending on if you are an individual or a company's financiers. From an employee's viewpoint, salary range includes compensation parameters, such as overtime, as well as including benefits, like a company car or health insurance. On the other hand, for the company, it will be the amount that it is able to pay a new employee for a particular position and how much current employees can expect to earn in that specific position. Usually, companies cannot make exceptions from the salary ranges, because the numbers are strictly determined by its budget.

We can consider the salary range for a particular job position on three levels:

  • low (bottom of the range)
  • median (mid-point)
  • maximum (the maximum amount that you can expect)

For example, the yearly limits for the job position named XYZ are:

  • $20,000 (bottom)
  • $25,000 (median)
  • $30,000 (maximum)

In this case, the range is $20,000 - $30,000.

Again, a salary range grants both sides a certain amount of flexibility. From the perspective of a potential employee, they can choose the job position which will be financially satisfying; moreover, it gives them some room for negotiating the salary. On the other hand, the employer knows if the offer they make is reasonable and has a good benchmark to assess whether they can afford hiring that kind of worker.

Some aspects determine if the worker will be given an offer from the bottom of the range or if they can expect the top level amounts. These aspects might be qualifications, review scores, commitment, and work experience. Some individual achievements/successes will, of course, increase the worker's value and, in result, improve the payment level. In general, someone who is highly qualified can expect significantly higher payments than somebody with the minimal required skills.

Hourly rate vs. monthly salary

There is a significant difference in payment between hourly and salary employees. For the former, an employer pays for each hour they have worked, including overtime pay (if they have done more than 40 hours per week or other contracted number). For the second group, payment for overtime is not so obvious, and it depends on internal country (or local state) law regulations. We can find many more differences between these payment types. Let's have a look at some of them now.

Workers paid hourly are compensated by multiplying the agreed hourly rate by the total number of hours worked in a given period (e.g., month, week or day). Let's assume that hourly rate equals $14 and the employee has worked 120 hours per month (with no overtime). So, the salary looks like this: . That is the compensation the worker will receive at the end of the month.

According to the Fair Labour Standards all hourly workers are non-exempt and have to be paid overtime. The overtime hours are calculated as 1.5 standard hourly rate, but can vary depending on the circumstance, e.g. working on Christmas Day. In our example it gives . So, if the example worker from above would have an additional 10 overtime hours, their salary will be: .

How much does an hourly employee work? It depends, because they usually don't have a guaranteed number of hours per week, and the hours they work is determined by a weekly schedule. It can vary a lot, especially when the shift schedule changes from week to week. This type of employees must be paid with, at least, the minimum wage (the amount varies across the U.S. states).

Let's take a closer look at salaried employees. One of the main differences is that they have a guaranteed minimal annual level of compensation. Annual wage is divided by a number of pay periods to find, e.g. the monthly salary. The vast majority of those workers are exempt employees. What does this weird term mean?

In the U.S., according to the payment rules regulated by the Fair Labour Standards, salary workers are not covered by overtime (because mostly they are exempt). It is worth mentioning, that in many countries (including the USA) companies offer their workers various kind of compensations for overtime hours. That might be just additional money, time off adequate to the number of overtime hours, or other benefits. When a salaried employee is classified as non-exempt under Fair Labour Standards, an employer has to pay one and a half for each extra hour over standard 40 per week. There are a few jobs which are exceptions from that rule (it might also differ between the states). To avoid misunderstandings, clear all your doubts in your state's Department of Labour or your country's labour law.

Pros and cons between salary vs. hourly

Let's consider some pros and cons of both types of employment. As it usual when comparing two things, we have both pros and cons for each of them. For example, if you are a monthly salary employee, you can count on more social benefits, like health insurance, parental leave, a 401(k) plan (percentage of your gross income, which you put into taxable differed retirement account) and free tickets to cultural institutions. For sure, full-time jobs consume much more of your time, the level of responsibility is higher, but they offer a possibility to develop your career. What might be motivating is a feeling of stability, thanks to the same amount of money you receive every month. One of the crucial drawbacks of that kind of work might be not being paid for overtime, meaning you will not be compensated for any extra activities (but as mentioned above, that may vary between countries).

One of the hourly-employee benefits is that your hours maybe more flexible - no 9 to 5, 5 days a week. That provides more freedom and can lead to better time management. On the other hand, while your weekly shifts are very irregular, it might be frustrating because you feel disorganized. It can also lead to a shifting number of work hours weekly (monthly, etc.) While working hourly, you can earn even more than if you were involved in a full-time job, especially if you put in a lot of overtime - you are compensated for each extra hour of work.

As you can see, lots of aspects depend on that what is important to you, what kind of contract you have and what your employer offers you in a particular company. For some people, health insurance might be more important than flexibility in working hours. Some of you might prefer to get the same monthly salary, a fixed amount of money, while others would prefer to decide on their own whether to work more or less in a given month, according to their financial needs. Consider all of the pros and cons before you choose between salary and hourly employment.

Congratulations on your new job - best time to change a job

There might be a number of reasons behind a job change. Some of them might be your current situation (e.g. burnout, dissatisfaction) and others might be external (company reorganization, reductions, etc.). If the motivation is intrinsic, you have time to prepare, but if a situation forces you to immediately change job - it is more complicated. Keep in mind that it's not always a good time to look for a new job. When your work conditions rapidly change to much worse, you might be "forced" to look for a new job immediately. And the final choice of an employer may not be right, especially when you need to take something quick instead of what would you prefer. For sure, such situations can be stressful and frustrating.

Moreover, being desperate in hunting for a new job will not make you look good as a potential employee. Factors like the economic condition of a market, especially when this condition is not good, will surely inhibit companies in opening new job offers. That can also cause problems with a quick find of a new job.

What is the conclusion? It might be not so obvious. If you have decided to change job, start looking for the new one when things are still going well at your current workplace. It will enable you to do the search calmly, and you will have all the time you need to find something much better than your current job.

Other notes

This salary converter is tax-agnostic - it deals more with time units than with money.

Hourly to salary does the same job as salary to hourly, but its fields are re-arranged, so it's easier for people who frequently calculate it the other way around (keep in mind that both calculators can do it either way).

Sours: https://www.omnicalculator.com/finance/salary-to-hourly
What is the Adjusting Entry for Accrued Salaries/Wages Owed at the End of the Accounting Period?

Salary Calculator

The Salary Calculator converts salary amounts to their corresponding values based on payment frequency. Examples of payment frequencies include biweekly, semi-monthly, or monthly payments. Results include unadjusted figures and adjusted figures that account for vacation days and holidays per year.

Result

 UnadjustedHolidays & Vacation Days
Adjusted
Hourly:$30.00$27.12
Daily:$240.00$216.92
Weekly:$1,200$1,085
Bi-Weekly:$2,400$2,169
Semi-Monthly:$2,600$2,350
Monthly:$5,200$4,700
Quarterly:$15,600$14,100
Annual:$62,400$56,400

This salary calculator assumes the hourly and daily salary inputs to be unadjusted values. All other pay frequency inputs are assumed to be holidays and vacation days adjusted values. This calculator also assumes 52 working weeks or 260 weekdays per year in its calculations. The unadjusted results ignore the holidays and paid vacation days.


A salary or wage is the payment from an employer to a worker for the time and works contributed. To protect workers, many countries enforce minimum wages set by either central or local governments. Also, unions may be formed in order to set standards in certain companies or industries.

Salary

A salary is normally paid on a regular basis, and the amount normally does not fluctuate based on the quality or quantity of work performed. An employee's salary is commonly defined as an annual figure in an employment contract that is signed upon hiring. Salary can sometimes be accompanied by additional compensation such as goods or services.

Wage

There are several technical differences between the terms "wage" and "salary." For starters, while the word "salary" is best associated with employee compensation on an annual basis, the word "wage" is best associated with employee compensation based on the number of hours worked multiplied by an hourly rate of pay. Also, wage-earners tend to be non-exempt, which means they are subject to overtime wage regulations set by the government to protect workers. In the U.S., these regulations are part of the Fair Labor Standards Act (FLSA). Non-exempt employees often receive 1.5 times their pay for any hours they work after surpassing 40 hours a week, also known as overtime pay, and sometimes double (and less commonly triple) their pay if they work on holidays. Salaried employees generally do not receive such benefits; if they work over 40 hours a week or on holiday, they will not be directly financially compensated for doing so. Generally speaking, wage-earners tend to earn less than salaried employees. For instance, a barista that works in a cafe may earn a "wage," while a professional that works in an office setting may earn a "salary." As a result, salaried positions often have a higher perceived status in society.

Most salaries and wages are paid periodically, typically monthly, semi-monthly, bi-weekly, weekly, etc. Although it is called a Salary Calculator, wage-earners may still use the calculator to convert amounts.

Miscellaneous Employee Benefits

While salary and wages are important, not all financial benefits from employment come in the form of a paycheck. Salaried employees, and to a lesser extent, wage-earners, typically have other benefits, such as employer-contributed healthcare insurance, payroll taxes (half of the Social Security and Medicare tax in the U.S.) that go towards old age and disability, unemployment tax, employer-contributed retirement plans, paid holiday/vacation days, bonuses, company discounts, and more. Part-time employees are less likely to have these benefits.

Miscellaneous employee benefits can be worth a significant amount in terms of monetary value. As such, it is important to consider these benefits as well as the base wage or salary offered when choosing between jobs.

Self-employed Contractors

Self-employed contractors (freelancers who sell their goods and services as sole proprietorships) typically provide their own rates, which can be hourly, daily, or weekly, etc. Also, contractors generally do not have benefits such as paid time off, cheaper health insurance, or any other monetary perks typically associated with full-time employment. As a result, their pay rates should generally be higher (sometimes significantly so) than the salaries of equivalent full-time positions. Nevertheless, rates in the real world are driven by many factors, and it is not rare to see contractors take lower compensation.

How Unadjusted and Adjusted Salaries are calculated?

Using a $30 hourly rate, an average of eight hours worked each day, and 260 working days a year (52 weeks multiplied by 5 working days a week), the annual unadjusted salary can be calculated as:

$30 × 8 × (260) = $62,400

As can be seen, the hourly rate is multiplied by the number of working days a year (unadjusted) and subsequently multiplied by the number of hours in a working day. The adjusted annual salary can be calculated as:

$30 × 8 × (260 - 25) = $56,400

Using 10 holidays and 15 paid vacation days a year, subtract these non-working days from the total number of working days a year.

All bi-weekly, semi-monthly, monthly, and quarterly figures are derived from these annual calculations. It is important to make the distinction between bi-weekly, which happens every two weeks, and semi-monthly, which occurs twice per month, usually on the fifteenth and final day of the month.

Different Pay Frequencies

The calculator contains options to select from a number of periods normally used to express salary amounts, but actual pay frequencies as mandated by varying countries, states, industries, and companies can differ. In the U.S., there is no federal law that mandates pay frequency, except one stating that employees must be paid in routine and predictable manners. Mandatory consistent payments give employees a lot of stability and flexibility. However, at the state level, most states have minimum pay frequency requirements except for Alabama, Florida, and South Carolina. For further details, consult state regulations regarding pay frequency.

The most common pay period frequencies tend to be monthly, semi-monthly (twice a month), bi-weekly (every two weeks), weekly, and daily. They are explained in the following chart.

DailyPays every day, usually at the end of the day. Some short-term contractors are paid this way.
WeeklyPays once each week, usually on Fridays. Relatively costly for employers with 52 weeks a year, resulting in higher payroll processing costs, which is the main reason why it is less common than Bi-Weekly or Semi-Monthly.
Bi-WeeklyPays every two weeks, which comes out to 26 times a year for most years.
Semi-MonthlyPays twice each month, usually on the 15th and the last day of the month. Although common, it will result in inconsistent pay dates due to differences in dates from month to month.
MonthlyPays once per month. Usually the most cost-friendly option for employers. Not very common in the U.S.

U.S. Salary Information

In the U.S., salaried employees are also often known as exempt employees, according to the Fair Labor Standards Act (FLSA). This means that they are exempt from minimum wage, overtime regulations, and certain rights and protections that are normally only granted to non-exempt employees. To be considered exempt in the U.S., employees must make at least $684 per week (or $35,568 annually), receive a salary, and perform job responsibilities as defined by the FLSA. Certain jobs are specifically excluded from FLSA regulations, including many agricultural workers and truck drivers, but the majority of workers will be classified as either exempt or non-exempt.

The federal minimum wage rate is $7.25 an hour. However, states may have their own minimum wage rates that override the federal rate, as long as it is higher. For instance, the District of Columbia (DC) has the highest rate of all states at $15.00 and will use that figure for wage-earners in that jurisdiction instead of the federal rate. On the other hand, Georgia has their minimum wage rate set at $5.15, but the $7.25 federal minimum rate overrides it.

Factors that Influence Salary (and Wage) in the U.S. (Most Statistics are from the U.S. Bureau of Labor in 2020)

In the first quarter of 2020, the average salary of a full-time employee in the U.S. is $49,764 per year, which comes out to $957 per week. While this is an average, keep in mind that it will vary according to many different factors. The following are only generalizations and are not true for everyone, especially in regards to race, ethnicity, and gender.

  • Age—A person closer to their peak income years, which is 40-55, will generally have higher salaries. Men aged 45 to 54 had the highest annual earnings at $64,740, and women earned the most between the ages of 35 and 44 at $48,984.
  • Education—The higher the attained level of education of a person, the higher their salary tends to be. Workers 25 or over without a high school degree had median earnings of $31,668 compared to $39,936 for high school graduates. Workers with at least bachelor's degrees earned $72,020 annually on average.
  • Experience—In general, the further entrenched a person is in their career, the more experience or perceived ability they have, or the more valuable their skillset, the higher their salary tends to be.
  • Race and Ethnicity—Black men earned a median salary of $42,796, compared to white men at $56,992. The discrepancy is less for black women compared to white women: $38,584 and $45,396. Hispanic and Asian people of both genders earned $37,544 and $63,492, respectively.
  • Gender—Men earned an average salary of $55,432, and women earned $44,564. Women are generally paid less than men, and this difference is called the gender pay gap. There are many reasons that this pay gap exists, including discrimination, the specific industry, motherhood, and gender roles.
  • Industry—Industry affects wages paid, even in similar roles. For instance, all else being equal, an office clerk at a public school system will most likely make a lower salary than one at a private hedge fund. This also includes the relative stability of industries and companies and their forecasted trends.
  • Location—Different locations will have different supplies and demands for positions, and average salaries in each area will reflect this. Keep in mind that the cost of living should be noted when comparing salaries. In some cases, a job that offers a higher salary may equate to less overall once the cost of living of a different location is accounted for.
  • Misc.—To a lesser extent, salary is also influenced by the overall performance of companies; during years of high profits, a company may choose to pay a higher than average salary for a job applicant with excellent credentials. Also, in certain jobs, workers are expected to perform job responsibilities in dangerous working conditions, such as handling dangerous chemicals in a research facility, working in an underground mine with the presence of potential toxins, or patrolling a notoriously dangerous part of town as a police officer. Such jobs can be compensated with a higher salary in the form of hazard pay. Similarly, people who work less favorable shift hours, such as the "graveyard shift," which runs through the early hours of the morning, can sometimes earn a premium for doing so, due to the higher social and physical costs of working outside normal hours.

The 10 Annual Federal Holidays in the U.S.

JanuaryNew Year's Day, Birthday of Martin Luther King Jr.
FebruaryWashington's Birthday
MayMemorial Day
JulyIndependence Day
SeptemberLabor Day
OctoberColumbus Day
NovemberVeterans Day, Thanksgiving Day
DecemberChristmas Day

Although there are 10 federal holidays in the U.S., companies typically allow time off for 6 to 11 holidays. Generally, only employees who work in a branch of the federal government benefit from all federal holidays. Employees that work for private employers are subject to the policy of their employer. Also, unless stated in a contract or collective bargaining agreement, an employer is not obligated to pay an employee anything extra such as overtime for working on a federal holiday.

Other countries have a varying number of public holidays. Cambodia has the most days in a year in the world set aside to be non-working days, as established by law, at 28, followed by Sri Lanka at 25. Remember to adjust the "Holidays per Year" input to calculate a correct adjusted result.

Vacation Days, or Paid Time Off (PTO)

Traditionally in the U.S., vacation days were distinctly separate from holidays, sick leaves, and personal days. Today, it is more common to have them all integrated together into a system called paid time off (PTO). PTO provides a pool of days that an employee can use for personal leave, sick leave, or vacation days. Most importantly, the reasons for taking time off do not have to be distinguished. There's no need to fumble over whether to designate an absence as sick or personal leave, or to have to ask the manager to use a vacation day as a sick day. There are, however, some downsides to having them combined. For instance, if an employee gets very sick for a week and has to take five days off, their total pool of PTO will be reduced by the five days absent, which may force them to reconsider the week-long vacation they had originally planned.

In the U.S., the Fair Labor Standards Act (FLSA) does not require employers to give their employees any vacation time off, paid or unpaid. Therefore, when interviewing and deciding between jobs, it may be wise to ask about the PTO policy of each potential employer. With that said, the average American gets around 10 days of PTO a year; the bottom 25% of wage earners only get an average of four paid vacation days a year. Most companies tend to institute a policy that increases the amount of PTO an employee gets every several years or so as an incentive to retain workers.

Most employers (over 75%) tend to provide vacation days or PTO for many beneficial reasons. They can help prevent employee burnout, maintain employee morale, or be used for any reasonable situations where leave is necessary, such as medical emergencies, family needs, and of course, actual vacations. As an aside, European countries mandate that employers offer at least 20 days a year of vacation, while some European Union countries go as far as 25 or 30 days. Some other developed countries around the world have vacation time of up to four to six weeks a year, or even more.

How to Increase Salary

There are very few people in the world who wouldn't welcome a higher salary, and there are a myriad of ways in which a person can try to do so. While it is definitely easier said than done, it is certainly possible.

  • Education—Statistics have shown that the higher the level of education a person attains, the higher their average lifetime earnings. However, becoming more educated for a higher salary does not imply that everyone should immediately go out and receive a higher degree. Proof of knowledge can come in many other different forms. For one, qualifications or certifications are a less time-consuming and financially significant undertaking that can still result in a salary increase. Simply increasing relevant knowledge or expertise that pertains to a niche profession or industry can increase salary. This may involve staying up-to-date on current events within the niche by attending relevant conferences or spending leisure time reading on the subject.
  • Experience—The more experience a person has within any niche industry or profession, the more likely their salary will increase over the years, given that they stay within the industry. This may be due to several reasons; for one, it shows that a person has enough interest in the industry to stay within it long-term. Secondly, by lasting within the industry long enough, there is sufficient proof that they are probably somewhat skilled. Employers see these as good signs and are more willing to increase a worker's salary.
  • Network—For many niche professions or industries, there are professional organizations or trade associations that help their members network. These organizations try to connect their members with other members who may share the same profession and goals, or work in the same industry, which can potentially lead to job opportunities that can improve the salary.
  • Performance Reviews—Most employers give out annual performance reviews to their employees. Most performance reviews usually involve a conversation between manager and employee regarding the past year and how the employee performed, the direction of the employee's role moving forward, including any new responsibilities they may have, and constructive criticism on what they could do better, among other things. Annual reviews that are, for the most part, positive are generally followed by an annual pay raise. If no raise is given, even after a glowing review, it may be in the employee's best interest to ask for a salary increase or begin considering other employment options.
  • Negotiate—If a performance review was mostly positive, but no mention of a pay raise is made, it may be worth considering approaching the employer to attempt to negotiate a pay raise. Highlight achievements, particularly those that may have been mentioned in a performance review, such as meeting or exceeding certain sales goals, taking on a number of new job responsibilities, or anything valuable that was contributed to the employer that might warrant a raise. When starting a new job, it is also important to negotiate a higher salary, if possible.
  • Change jobs—People that are stuck in a career they dislike with no salary increase and who have exhausted all other options to try to increase their salary may want to consider changing jobs. It is fairly common for some people to have a 10% or more increase in salary from doing so.
Sours: https://www.calculator.net/salary-calculator.html

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$500 a day is how much per year?

If you make $500 per day, your Yearly salary would be $130,000. This result is obtained by multiplying your base salary by the amount of hours, week, and months you work in a year, assuming you work 40 hours a week.

Converting $500 a day in another time unit

Yearly salary

$500 a day is $130,000 per year

Monthly salary

$500 a day is $10,833 per month

Biweekly salary

$500 a day is $5,000 per 2 weeks

Weekly salary

$500 a day is $2,500 per week

Hourly salary

$500 a day is $62.50 per hour

1 Hour

8 H

40 H

173 H

2,080 H

1 Year

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

$4,000

$4,500

$5,000

$5,500

$6,000

$6,500

$7,000

$7,500

$8,000

$8,500

$9,000

$9,500

$10,000

$10,500

$11,000

$11,500

$12,000

$12,500

Sours: https://www.talent.com/convert?salary=500&start=day&end=year&hw=40


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