10 April 2010

Figuring a Salary: Fast Math

A paid internship (or a summer job) may be described in the pay per hour. A quick multiplication task will tell you how that pay would translate to an annual salary.

Pay per hour X 2000 = approximate annual salary

$8/hour pay is roughly equivalent to $16,000 per year.
$10/hour pay is roughly equivalent to $20,000 per year.
$20/hour pay is roughly equivalent to $40,000 per year.


The content on this blog is not offered as legal advice or guidance. Consult your college, advisor, or internship supervisor for help with issues surrounding internships. © 2010 Mary Bold, PhD, CFLE. Dr. Bold is a co-author of the book Reflections: Preparing for your Practicum or Internship, geared to college interns in the child, education, and family fields. More about Dr. Bold can be learned at www.marybold.com

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