Start with the hourly wage and answer the question: 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, hours in a year.
If you wanted to be even more accurate, you can count the exact number of working days this year. It has a total of days in the year including both weekdays and weekends. There are weekend days counting every Saturday and Sunday in the year , and 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, hours over the year. Most companies give employees time off for various holidays, so that should really be included in the calculation.
The problem is that different countries can vary in their national holidays, and your company may give certain days off but not others. On average, in the U. Many businesses also have an additional floating holiday that is sometimes used for Christmas Eve, New Years Eve, or one of the days near July 4th.
Often this is based on whether one of those days falls on a Tuesday or Thursday. Adding that extra holiday can give employees an extra long weekend. Some schools can also be off on Presidents Day, and banks may have their own official holidays. Se below details about these formulas. Hourly rates of basic pay, for most Federal civilian employees, are computed by dividing an employee's annual rate of basic pay by 2, hours.
Biweekly rates of basic pay, for most Federal civilian employees, are computed by multiplying an employee's hourly rate of basic pay by 80 hours. About us Privacy Policy Contact us. Click Calculators. Calculator Formulas Examples.
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