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$24 an Hour Is How Much a Year?
At 40 hours a week, 52 weeks a year, $24 an hour is $49,920 a year before tax — about $4,160 a month and $960 a week. After estimated federal tax and FICA you keep roughly $41,093.
The math
$24 × 40 hours × 52 weeks = $49,920. If your schedule is different, the total moves with you:
| Hours per week | Annual | Monthly | Weekly |
|---|---|---|---|
| 20 (part time) | $24,960 | $2,080 | $480 |
| 37.5 | $46,800 | $3,900 | $900 |
| 40 (full time) | $49,920 | $4,160 | $960 |
| 45 | $56,160 | $4,680 | $1,080 |
| 50 | $62,400 | $5,200 | $1,200 |
Most hourly jobs pay for actual hours worked, so a week off without pay removes roughly $960 from your year. Federal law (FLSA) requires 1.5× pay for hours over 40 in a workweek for most non-exempt employees; if you regularly work 45 hours at $24, overtime pushes the year to $59,280.
What $24 an hour looks like after tax
For a single filer with no dependents in California, $49,920 gross works out to about $41,093 take-home a year — $3,424 a month, or $19.76 for every hour worked. That is an effective rate of 17.7% across federal income tax, state income tax, Social Security and Medicare.
| Item | Annual | Monthly |
|---|---|---|
| Gross pay | $49,920 | $4,160 |
| Federal income tax | −$3,810 | −$318 |
| State income tax | −$1,198 | −$100 |
| Social Security + Medicare | −$3,819 | −$318 |
| Take-home | $41,093 | $3,424 |
Is $24 an hour a good wage?
The median full-time annual wage in the United States is about $48,940. $49,920 sits above that line by $980, which is 102% of the median. On a 40-hour week the federal minimum wage of $7.25 brings in $15,080, so $24 is 3.3× the floor.