Monday, August 8, 2016

In California, Salary of $50,000 is $10 per hour. What is it in other states?

Old Post Here

All Workdays:
  • First 8 Hours Normal Time
  • Next 4 Hours Time-and-a-Half
  • Total Time Per Day: 12 Hours, 14 Weighted Hours
  • Total Time Per Year: 12 * 6 * 50 = 3600 Hours, 14 * 6 * 50 = 4200 Weighted Hours
  • $50,000 Salary / 4200 Weighted Hours = $11.90 Per Hours (Rounded to nearest cent).
Note: $50,000 Salary is above the overtime Salary threshold ($47,476) so employers may require 72 hours work week of 12 hours per day, 6 days per week without needing to pay more.


What's $15 per hour? 15 * 4200 = $63,000 Salary Equivalent. Yes, setting a minimum wage of $15 per hour is like setting minimum $63k Salary ($75k Salary in California).


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