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Annual hourly rate = annual pay ÷ (paid work weeks × work hours per week). Project hourly rate = project fee ÷ project hours when project hours are greater than zero.- Apply the formulaAnnual hourly rate = annual pay ÷ (paid work weeks × work hours per week). Project hourly rate = project fee ÷ project hours when project hours are greater than zero.53,316 currency per hourHourly Rate Calculator uses the declared inputs to produce a transparent default result. Annual pay: 52,000 currency/year; Paid work weeks: 52 weeks/year; Work hours per week: 40 hours/week; Project fee: 1,200 optional currency; primary comparison: 52,000 and 52.