What does $40 an hour work out to annually, and how should it appear in an offer letter?

[maria]

A candidate negotiated an hourly rate and I need to convert it for the formal offer. At $40/hour for a standard 40-hour week, that comes to roughly $83,200 per year before taxes. Does your team list both figures in offer letters, or just the annual salary? Curious what's cleaner from a compliance standpoint.

 

[grace]

That's roughly $83,200 a year before taxes assuming a standard 40 hour week, so in an offer letter you'd typically see it written as something like "$40.00 per hour / $83,200 annualized" just so both numbers are clear.