$4 an Hour is $8,320 a Year
Gross Annual Pay$8,320
After Tax (Estimate)$7,268~$3.49/hour take-home
Salary Breakdown for $4/Hour
Compare Similar Hourly Rates
$2/hour$4,160/year-50.0%$3/hour$6,240/year-25.0%$4/hour$8,320/yearCurrent Rate$5/hour$10,400/year+25.0%$6/hour$12,480/year+50.0%
Overtime Scenarios
Time and a Half (1.5x)$6.00/hour10 hours OT/week: $11,440/year (+38%)
Double Time (2x)$8.00/hour5 hours DT/week: $10,400/year (+25%)
What Can You Afford on $4/Hour?
Housing (28% Rule)
Maximum monthly rent/mortgage: $170
Annual housing budget: $2,035
Annual housing budget: $2,035
Budget Breakdown (50/30/20 Rule)
- Needs (50%): $3,634/year ($303/month)
- Wants (30%): $2,180/year ($182/month)
- Savings (20%): $1,454/year ($121/month)