To calculate the hourly rate:
\[ H = \frac{A}{W \times 52} \]
An hourly rate is the amount of money paid for each hour of work. It is a common method of compensation for employees who work on an hourly basis, rather than receiving a fixed annual salary. The hourly rate can vary based on factors such as the type of job, the industry, the employee’s experience, and the location of the job. Knowing your hourly rate can help you understand your earnings potential and manage your finances more effectively.
Let's assume the following values:
Step 1: Multiply the number of hours worked per week by the number of weeks in a year:
\[ W \times 52 = 40 \times 52 = 2080 \]
Step 2: Divide the annual income by the result:
\[ H = \frac{52000}{2080} = 25 \text{ per hour} \]