User:Wshunter/sandbox

Equivalent hourly wage is a more accurate method of comparing wage rates. The equation is simple; (total income)/(total hours worked).

People will compare how much money they earned in tips, commission, or over time. Likewise, some salary jobs, such as teaching, require fewer hours on the job than other employment. The equivalent hourly wage is a better determination of how much one hour of work is worth. It flattens out overtime and bonus pay.