I think this is mostly a US thing. Why use yearly salary? You’re not paid once a year, are you? Most likely once a month. Referencing monthly salary makes much more sense.
“I’m making 50k”. Great, now I have to guess - dollars? Monthly? Yearly? If yearly then what’s the monthly paycheck? Net? Gross?
For yearly to hourly divide by 2 and lop off 3 zeros. $35/hour = $70,000/year (approximately)
I agree. And the reason why that math mostly works out is because there are roughly 2000 working hours a year. So you’re just dividing salary by 2000.