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What's with telling YEARLY salaries? (lemmy.zip)

submitted 1 year ago by [email protected] to c/[email protected]

145 comments fedilink hide all child comments

I think this is mostly a US thing. Why use yearly salary? You're not paid once a year, are you? Most likely once a month. Referencing monthly salary makes much more sense.

"I'm making 50k". Great, now I have to guess - dollars? Monthly? Yearly? If yearly then what's the monthly paycheck? Net? Gross?

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[–] [email protected] 7 points 1 year ago (1 children)

For yearly to hourly divide by 2 and lop off 3 zeros. $35/hour = $70,000/year (approximately)

[–] [email protected] 6 points 1 year ago

I agree. And the reason why that math mostly works out is because there are roughly 2000 working hours a year. So you’re just dividing salary by 2000.