Convert between annual salary and hourly wage, with overtime pay built in
Pick which number you know, and we convert to the other.
To convert an annual salary to an hourly wage, divide the annual amount by the number of weeks you work per year (typically 52), then divide by the hours you work per week. For example, a $52,000 salary over 52 weeks at 40 hours a week equals $52,000 ÷ 52 ÷ 40 = $25 per hour. To go the other way, multiply your hourly rate by your weekly hours and then by 52.
Divide your annual salary by 52 weeks, then by your weekly hours. A $60,000 salary at 40 hours a week works out to about $28.85 per hour.
No. Overtime pay is taxed as ordinary income at your marginal rate, the same as your regular earnings. It just pushes more of your income into higher tax brackets.
Time and a half means you earn 1.5x your regular hourly rate for overtime hours. Under federal law (FLSA) it applies after 40 hours in a workweek for non-exempt workers.