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$24 an Hour is $49,920 a Year

Gross Annual Pay$49,920
After Tax (Estimate)$35,835~$17.23/hour take-home
Based on 40 hours/week × 52 weeks/year

Salary Breakdown for $24/Hour

Time PeriodHoursGross PayFederal Tax*State Tax*FICANet Pay
Hourly1$24.00----
Daily8$192.00$29.89$9.60$14.69$137.83
Weekly40$960.00$149.43$48.00$73.44$689.13
Bi-Weekly80$1920.00$298.86$96.00$146.88$1378.26
Monthly173.33$4160.00$647.53$208.00$318.24$2986.23
Annual2080$49,920$7,770.4$2,496$3,818.88$35,834.72
*Tax estimates based on single filer, standard deduction, 2025 rates

Compare Similar Hourly Rates

$22/hour$45,760/year-8.3%$23/hour$47,840/year-4.2%$24/hour$49,920/yearCurrent Rate$25/hour$52,000/year+4.2%$26/hour$54,080/year+8.3%

Overtime Scenarios

Time and a Half (1.5x)$36.00/hour10 hours OT/week: $68,640/year (+38%)
Double Time (2x)$48.00/hour5 hours DT/week: $62,400/year (+25%)

What Can You Afford on $24/Hour?

Housing (28% Rule)
Maximum monthly rent/mortgage: $836
Annual housing budget: $10,034
Budget Breakdown (50/30/20 Rule)
  • Needs (50%): $17,917/year ($1,493/month)
  • Wants (30%): $10,750/year ($896/month)
  • Savings (20%): $7,167/year ($597/month)

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