To calculate the hourly wage based on an annual salary of $38,000, you need to determine the number of hours worked in a year.
There are typically 2,080 working hours in a year assuming an individual works 40 hours per week for 52 weeks. This is calculated by multiplying 40 (hours per week) by 52 (weeks in a year).
To find the hourly wage, you divide the annual salary by the number of hours worked in a year. So, $38,000 divided by 2,080 gives you an approximate hourly wage of $18.27.
It's important to note that this calculation assumes a standard 40-hour workweek. If an individual works more or fewer hours per week, the hourly rate may differ. Moreover, additional factors like overtime, bonuses, or benefits could also impact the actual hourly wage.
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