If you have a job that pays you $14 an hour, you can easily earn a gross annual salary of $29,120 before taxes.
To calculate the total hours worked in a year, just multiply it by 40 weekly hours and that is from (8 hours a day x 5 days per week) by 52 calendar weeks as this will give the value of 2,080 total working hours.
Just Multiply 2,080 by $14, and you will have your gross annual revenue. The calculation can be seen below;
40 hours * 52 weeks = 2,080 hours/year
2,080 hours * $14/hour = $29,120/year
However, if you are doing a part-time job by putting in 4 hours a day, 5 times a week, you will receive a total annual income of $14,560.
Now you might have some questions like How Much Is $14 an Hour Annually After Taxes?
So, Do you want to know your yearly income at $14 an hour after taxes and other deductions?
To know this answer, you must remember that this amount will depend on your situation. You may be entitled to some exemptions or be charged less according to your status and tax bracket in your state.
Note that even no-tax US states deduct federal taxes and other items such as Medicare, social security, and disability insurance from the gross income.
Furthermore, the applicable tax varies in different states. You may also be entitled to lesser tax or even some exemptions based on your individual status or tax rack. So, it might be difficult to calculate the exact deductible amount as there are multiple factors and individual differences that affect it.
To simplify the process, let’s take an example of Texas, a place that has fewer taxes, and California, which has the highest state tax percentage in the whole United States.
With a total annual salary of $29,120, your take-home pay per year will be $24,236 in California and $25,103 in Texas. This is what you earn as a full-time employee in any of these two states.
How Much Is $14 an Hour per Month?
$14 an hour makes $2,427 on a monthly basis, calculated by dividing the gross annual pay ($29,120) by 12 months. So, such an amount requires you to work full-time, 40 hours a week.
If you want to know your net income, it will be reduced to $2,020 if you live or work in US California with taxes of $407 there.
Similarly, your gross income will be less in Texas by just a deduction of $335 in taxes, your net monthly income will be $2,092.
As a part-timer working for 4 hours daily, the gross monthly income will be $2,427 will be halved as you can only get $1,213 before taxes there. In California, your net monthly amount will be $1,089 after $124 in deductions as tax.
Texas taxpayers will take $110, leaving a monthly income of $1,103 after taxes there.
How Much Is the $14 Hourly Rate per Week?
While working full-time, your weekly salary will be around $560 per workweek, before taxes with $14 an hour.
So, if we divide your gross annual salary by 52 weeks (number of weeks in a year), it will give the value of $560.
Your weekly post-tax income will be $466 after deducting $94 in California as tax and $483 after $77 in Texas.
Though, working part-time at 20 weekly hours of job at an hourly income rate of $14 will earn you $280 weekly. So, your net weekly income will be $251 in California and $255 in Texas after all deductions.
How Much Is $14 per Hour Biweekly?
You will earn $1,120 every two weeks if you work for 8 hours daily except for the weekends. In order to find, just multiply your weekly rate by 2 weeks ($560/week * 2 weeks).
As a full-time worker, earning $1,120, taxes amounting to $188 in California and $155 in Texas will decrease your biweekly income to $932 and $965.
And as a part-timer working 4 hours a day, just divide your gross weekly income ($560 / 2 weeks) and multiply by 2 to get your total biweekly income of $560. If you live or work in California, your salary pay will be $466 after a $94 deduction in taxes. Also, your salary will be $483 after a $77 deduction in taxes if you reside in Texas.
How Much Is $14 an Hour per Day?
$14 an hour for 8 hours a day will allow you to earn 112 dollars daily.
As a full-time worker, you will earn a wage of $93 in California per workday and $96 will be your salary in Texas after all deduction of taxes at both places.
However, If you work part-time, you will get $56 daily after working for 4 hours, and you will receive $50 after taxes in California and $51 after taxes in Texas.
Overview – $14 an Hour Is How Much a Year?
Below will be the overview of your earnings at a wage rate of $14 per hour being a full-time worker.
$14 per Hour (Full-Time) Total Income (Without Taxes)
Yearly salary (52 weeks) – $29,120
Monthly salary – $2,427
Weekly income (40 Hours) – $560
Bi-Weekly income (80 Hours) – $1,120
Daily income (8 Hours) – $112
Net Estimated Monthly Income (After-Taxes) – $2,020 to $2,092
However, You can also choose some other side hustle or online gigs to make a few extra dollars online.
However, Online surveys are a great way to earn extra money from the comfort of your own home. You just have to answer some questions and share your opinions. Below are some of the trusted sources to make money.
- InboxDollars – Sign up with this platform and get a $5 bonus after you have completed your first job in it. So, it is a fantastic platform to make some bucks.
- Swagbucks – You can also sign up on Swagbucks and will get a $5 sign-up bonus. If you want to know more about it you can read our extensive guide on Swagbucks Review to know more about it.
However, you can also choose any other part-time job if you want to work as a part-timer. You can do freelance on online platforms like Fiverr and Upwork.
You just have to create a smashing resume and list your profile at these job sites that offer flexible working arrangements at your comfort.
We also want to list some other side hustle work that you can do from home to earn money online:
- Be an Online Tutor – Every class students including Elementary, middle- to high school, and even college students need tutoring help in their study matters. So, if you have translating talent or you can help those children to study then you can earn some money easily.
- Work as a Virtual Assistant Online – This job basically can be Working from home that has flexible hours. you can do your tasks as virtual support for the company. The work could range from routine office stuff like answering emails, providing assistance and many other things.
- Flip items for Profit – You can flip items and resell them at a profit, there are many online stores like Craigslist, Letgo, and Amazon where you can earn money by buying and selling or you can say by flipping items.
- Play Online Games – If you are a good gamer, you can also get a chance to enjoy your hobby and earn some cash as well. However, you can try Mistplay, where you can play online games and earn points that can be exchanged for gift cards or cash.
- Data Entry Jobs – You can earn cash while working from your home or at your comfort place. And for that, you just need to fulfil some basic requirements including typing skills, attention to detail, and Internet connection with a computer.
An hourly salary of $14 can facilitate you to spend on your basic expenses. You could even save some money if you manage your expenses wisely. The money you saved can be used to finance a long-term asset like a car or invest in stocks or bonds to increase it.
What Jobs Pay $14 an Hour?
There are several companies that offer more than $14 an hour if you have the required skills. So, we have listed some of the most interesting jobs that would definitely make you $14 hourly or more.
- Line Cook
- Autism Day Program (Childcare) Assistant
- Apartment Groundskeeper
- Hospitality Professional
- Night Auditor
- Guest Experience Agent
Is $14 an Hour Good?
You are getting $29,120 on an annual basis with a rate of $14 an hour. So, do you think this is enough to live comfortably? Let’s see.
According to the Bureau of Labor Statistics, $14 an hour or $560 a week is considered to be a low-end income considering that $1,037 is the latest weekly median income for a full-time United States worker.
Forbes reported that an annual pay of $29,120 hardly makes it into the category of “middle-class income”; an individual must earn between $30,003 to $90,010 to qualify as a middle-class earner in the US.
Can You Live on $14 an Hour?
Of course, you can live a decent life on $14 an hour earnings. However, you may not be able to buy luxuries, but you can have your basic necessities fulfilled.
Also, People who live alone or without a family can live easily on such an income basis, but if you are the only one employed in your whole family and your family is considerably big then the budget will get a little tight with this income.
But It depends on where you live. In some US states or countries, living costs are way too big compared to other places, so if you reside in a place where house expenses and other utilities are not demanding, you can have a comfortable life with $14 an hour earned.
Contrariwise, you can move to places with a lower cost of living or work/reside in a US state with almost no income taxes, such as;
- New Hampshire
Conclusion – $14 an Hour Is How Much a Year
An annual income of $29,120 at a $14 hourly rate is enough to live with comfort unless you have major debts or a high-maintenance lifestyle.
$14 an hour is almost twice as much as $7.25, which, according to the US Department of Labor, is the prevailing federal minimum wage rate, as mandated by the Fair Labor Standards Act (FLSA).
Consider that regardless of your hourly wage rate or yearly income, with a smart understanding of your regular money inflow and outflow, you can manage your expenses more effectively and eventually, lead to your financial independence.