Working on the books

[Welder]

16 per hour

16,000 divided by 52 to give a weekly amount. Divide that by 37.5 to give an hourly rate!
16000 / 52 = 307.69 per week. Divide 307.69 by 37.5 to get hourly rate = £8.20.

Please explain where I'm going wrong!

 

[ShaunCorbs]

Seems ok for a 40 hour week

 

[ShaunCorbs]

16,000 divided by 52 to give a weekly amount. Divide that by 37.5 to give an hourly rate!
16000 / 52 = 307.69 per week. Divide 307.69 by 37.5 to get hourly rate = £8.20.

Please explain where I'm going wrong!

40 hours

 

[Welder]

40 hours

That makes it worse!

 

[hammers4spanner]

16 ph x 40 hours =640 × 52 =33280 pa

Thats my maff

 

[Welder]

16 per hour

Have I misinterpreted what you posted Scott? What does your 16 per hour refer to?

 

[SimonG]

Pounds per hour?

 

[Scott_D]

Have I misinterpreted what you posted Scott? What does your 16 per hour refer to?

Paid by the hour at £16
You have confused me now.

 

[Welder]

Paid by the hour at £16
You have confused me now.

Never mind. Ta.

 

[SimonG]

I took it that Scott meant 16 quid an hour and it looks like Dave's workings was for 16 grand a year.

But I don't know if my eyes or brain is being affected by trying to get rid of my Christmas drink supply. Quietly polishing off the Newcastle Brown.