Determining Your Hourly Rate if You're Salaried. 1  1. Calculate your yearly income. Many people may already know their yearly salary, but in the event that you don’t, check your most recent pay stub. 2  2. Calculate how many hours you work in one year. For a quick rule of thumb, you can use a standard formula such as: 7.5 hours per day x 5 days per week x 52 weeks per year = 1,950 hours worked per year. 8.0 hours per day x 5 days per week x 52 weeks per year = 2,080 hours worked per year. Calculate your hourly wage.