To calculate the daily wage:
\[ \text{Daily Wage} = \text{Hourly Wage} \times (\text{Hours per Week} / 5) \]
To calculate the weekly wage:
\[ \text{Weekly Wage} = \text{Hourly Wage} \times \text{Hours per Week} \]
To calculate the monthly wage:
\[ \text{Monthly Wage} = \text{Weekly Wage} \times \left( \frac{\text{Weeks per Year}}{\text{Months per Year}} \right) \]
To calculate the annual wage:
\[ \text{Annual Wage} = \text{Weekly Wage} \times \text{Weeks per Year} \]
This calculator converts your hourly wage to daily, weekly, monthly, and annual wages based on a 40-hour work week, assuming 52 weeks per year and 12 months per year. You can adjust the hours per week according to your preferences.
Let's assume the following:
Step 1: Calculate Daily Wage:
\[ \text{Daily Wage} = 18 \times \left( \frac{40}{5} \right) = $144 \]
Step 2: Calculate Weekly Wage:
\[ \text{Weekly Wage} = 18 \times 40 = $720 \]
Step 3: Calculate Monthly Wage:
\[ \text{Monthly Wage} = 720 \times \left( \frac{52}{12} \right) = $3,120 \]
Step 4: Calculate Annual Wage:
\[ \text{Annual Wage} = 720 \times 52 = $37,440 \]
Therefore, the annual wage for an hourly rate of $18 with 40 hours per week is $37,440.
