Examples:
What is the calculation to translate 20 hours worked in a week to annualized hours? In other words, the amount to pay IS NOT 20 hours * annualized hourly rate of pay. I have to annualize the hours first.
2006-11-05 09:17:58 · 3 answers · asked by Shaggy 3 in Business & Finance ➔ Other - Business & Finance
There are 52 weeks in a year with a full time employee working 40 hours per week. An exempt employee making 50K would make $24 per hour.
$50,000/(52*40)=$24
Take care,
Troy
2006-11-05 09:33:31 · answer #1 · answered by tiuliucci 6 · 0⤊ 0⤋
The full time annualized hours for an exempt employee is 2,080. (52 weeks X 40 hours) In your example, the answer is 1,040.
2006-11-05 17:29:25 · answer #2 · answered by beachbum72 2 · 0⤊ 0⤋
Annual Salary divided by # of weeks divided by # of hours per week.
To be real technical annual salary/# of days you actually work (subtract vacations/sick days, personal days etc.) divided by hours (subtract lunch time if you do not get paid for it).
To annualize the hours just multiply # of hours per week multiply by 52.
2006-11-05 17:30:12 · answer #3 · answered by tianaramal 4 · 0⤊ 0⤋