What is the yearly income for minimum wage employee?

Answer 1

work is commonly considered Part Time if you work less than 32 hours a week. The calculation is the same for full time. But just use what ever hours you work at the job in question by the hourly pay. Currently $7.25

32 hr = $240/week ($12,480)
20 hr = $150/week ($7,800)
etc.

Answer 2

It depends on where you live.

The annual salary for a given hourly wage can be found (approximately) by multiplying by 2000. This assumes two weeks (unpaid) vacation per year and a 40 hour workweek.

So, if you make $7.25 an hour, that's about $14,500 per year.

This is complicated by the fact that a lot of people making minimum wage don't have 40 hour workweeks; they may work 20 hours a week or less for a large portion of the year.