$15.50 an hour is $32,240 a year
Full time: 40 hours a week × 52 weeks = 2,080 hours, before taxes.
| Period | Gross pay | Hours |
|---|---|---|
| Year | $32,240.00 | 2,080 |
| Month | $2,686.67 | 173.33 |
| Two weeks (biweekly paycheck) | $1,240.00 | 80 |
| Week | $620.00 | 40 |
| Day (8 hours) | $124.00 | 8 |
Part-time and overtime
| Schedule | Per week | Per year (52 weeks) |
|---|---|---|
| 20 hours a week | $310.00 | $16,120.00 |
| 25 hours a week | $387.50 | $20,150.00 |
| 30 hours a week | $465.00 | $24,180.00 |
| 35 hours a week | $542.50 | $28,210.00 |
| 50 hours a week (10 overtime hours at 1.5×) | $852.50 | $44,330.00 |
Overtime at time-and-a-half would be $23.25 an hour. Under the federal Fair Labor Standards Act, most hourly (non-exempt) employees earn at least 1.5× their regular rate for hours over 40 in a workweek; some states have stricter rules.
With two weeks of unpaid time off (50 weeks worked), the yearly total is $31,000.00.
That is 2.1× the federal minimum wage of $7.25 an hour (many states set a higher minimum).
All figures are gross pay before federal, state and local taxes, Social Security, Medicare and other deductions.
Use your exact hours
All wage and salary conversions
Sources and method
- Calculation: 40 hours a week × 52 weeks = 2,080 hours a year (before taxes), Porchlight method
- Minimum Wage (federal minimum wage: $7.25 per hour, effective July 24, 2009), U.S. Department of Labor, Wage and Hour Division
- Overtime Pay (time and one-half for hours over 40 in a workweek, unless exempt), U.S. Department of Labor, Wage and Hour Division
Gross pay before taxes and deductions. Federal reference values verified on 2026-10-04.
Data last checked: October 4, 2026.