how to calculate your rate per hour
1 Income / Hours = Hourly Rate. 2  Example: $15,000 / 2114 = $7.10 per hour. 3  You can check your results against this salary converter, which also allows you to correct for several different variables.ou can figure out your hourly rate based on an annual income, for a more accurate figure, or you find your hourly rate for a specific job or time period. 1  For example, if you get paid by the job or project, you may just want to keep track of the hours for that project to determine your hourly rate for that job.