Knowing exactly how much you are earning is important when you are filling out loan or credit card applications, or when you are comparing a new job offer with your current employment situation. Figuring out how much you earn in a year from your hourly wage can be determined using a simple two- or three-step calculation. All you need to know to figure out your annual earnings is your hourly pay rate and how many hours you work every day or week.
Calculate your daily pay. Multiply your hourly wage times the number of hours worked. If you are paid $10 per hour, for example, and you work an 8-hour day, that is $10 times 8 hours, or $80 per day.
Calculate your weekly pay. Multiply your daily pay times the number of days you work per week. Assuming you work 8 hours a day 5 days a week, that means you multiply $80 times 5 to get $400 per week.
Calculate your annual earnings. Multiply your weekly pay times 52 to determine your annual pay. Using the above example, that means you multiply your weekly pay of $400 times 52 to get annual earnings of $20,800.