50000 a year is how much an hour

1. Convert the annual salary to a gross hourly wage. 000 per year. Working 40 hours per week, 52 weeks per year = 2,080 hours. 000 / 2,080 hours = .04 per hour gross pay. 2. Identify the main taxes that are deducted from each paycheck, and typical tax rates: Federal income tax: 10% to 37%. Social Security tax: 6.2%. giga 50000