# Calculate hourly wage from annual salary offer?

I recently took a new job and accepted the pay at an annual rate. When I got my first pay check I saw that I was being paid hourly. The problem is that if you multiply my hourly wage by 40 * 52 or use the 2087 average for hours in a work year my pay comes up 1.5% short of the agreed upon amount for a year. Is there another calculation that is legitimate that gives them this hourly wage or are they just shaving the salary?

• I'll leave this as a comment but I've seen some use a 53-week year. Given that 52/53 is roughly 98.1% that would make a 1.9% difference. Not sure if this is the reason why you see the difference you are seeing here. You should probably just ask HR straight up. – ApplePie Dec 15 '17 at 2:22
• ApplePie brings up a great point. Each company/payroll system might handle the 53 week scenario differently. Some adjust their rate, others leave it as is. This also changes depending on if you're being paid bi-weekly.or semi-monthly(?) – Shorlan Dec 15 '17 at 2:32
• Why would there be a 53 week scenario? There are never 53 weeks in a year. – CuriousEMP2727 Dec 15 '17 at 3:52
• @CuriousEMP2727 52 * 7 == 364 days, which is short of a full year. It's not that there are 53 weeks in a year, but that a year spans 53 distinct weeks. One paycheck a year will contain money earned in two different years. – chepner Dec 15 '17 at 3:58
• So they round up from one day to short a week? Won’t the effect be I’m earning less annually than what was offered? – CuriousEMP2727 Dec 15 '17 at 18:19