how do i prorate a 950 salary on 86.67 hours?

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how do i prorate a 950 salary on 86.67 hours?

An employee gets $950 semimonthly (11/1-11/15 and 11/16-11/30). His last day was Nov. 21st
I need to know how to prorate the salary amount

2006-11-28 02:13:17 · 2 answers · asked by star1009 1 in Business & Finance ➔ Careers & Employment

2 answers

Take 950 and divide by number of days in period say 15 days that gives you your daily amount of $63.00 and multiply by 6 days = $ 378.00

so 950+378=$1328.00 for the month
I do payroll as I am a bookkeeper

2006-11-28 02:24:02 · answer #1 · answered by Anonymous · 0⤊ 0⤋

At $950 every two weeks = $22800/ year
22800/52 = $438/week

11/16 - 11/21 = 1 week, therefore pay due is $438.

2006-11-28 04:57:54 · answer #2 · answered by PALADIN 4 · 0⤊ 0⤋