How to create formula which converts hourly wage to annual salary using excel

[Aarti C]

Recently I was trying to create a simple formula that converts an hourly wage to an annual salary using the Excel. But however I can’t able to create such formula. If you guys have any suggestion or any ideas about such formula or conditions then please do the reply. Thanks in advances for any of the help or reply.

[Leanne]

According to my information there's no such single function that you can use for this purpose. You need to Describe It Yourself, so the first thing that you can so is to try to make the logic clear for this formula. So for that you must try to calculate it by hand and then understands it fully, step by step. This will increases your chances of getting help with the formula.

[Koman]

You should try this out May it helps you out. You need to calculate the number of hours worked in a year and then multiply
that by the hourly rate. This is one of the simple logic for creating the excel macros, you can do this by creating the procedure or by creating the function in excels.

[AnitG]

Maybe this can help??!! If your Hourly rate : $25,00 multiply by hours work in one week (40) multiply by 52 weeks in a year, if paid for full year.
so if <="" a=""> Hourly to annual is a bit subjective and really aren't the same even after calculation. You may want to consider some formula options depending on your intent:
1) Vacation weeks are not paid but may be a percentage of total
2) Statutory holidays
3) Overtime and it's rate if applicable
4) Any other applicable benefits and burden such as sick days

Generally, 1800 hrs/yr is a reasonable average and what we use for a general equivalent.

[Shurod]

There are few assumptions that you have to make: so the following are the condition that you can make use

• Full-time is equal to 40 hours per week
• And also, there are 52 weeks in a year

so once you have done with that and clear the concept, then it is simply hourly rate times 40 hours times 52 weeks. "=(A1 *2080)", if cell A1 has hourly rate in it (2080 is 40 times 52).