What is 20 bucks an hour yearly? I usually do 20 * 1920 which is 38400. Is this right?

Is there a rule of thumb for hourly rate estimation of yearly income?
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Couple of ways to figure this:
$ 20 per hour, 40 hours a week = $ 800 per week
$ 800 per week x 52 weeks = $ 41,600.00 annual (yearly)

or:

Salary - 174 hours per month
$ 20 x 174 = 3480.00 per month
$ 3480 x 12 = 41,760 annual (usually includes vacation pay)
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Are you assuming vacation time? I used the calculator at http://www.calcxml.com/do/pay04 and got "An hourly rate of $20.00 equates to a weekly pay of $800, monthly pay of $3,467, and an annual salary of $41,600"
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Rule of thumb for ballpark estimation is to multiply the hourly rate by 2000 for a full time, 40 hour a week worker, since that's easier than multiplying by the exact hours. But your calculation is correct.
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Sources : http://homebiznuss.com
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