determine hourly wages?

Question

how do i determine the hourly wage of an employee who is salaried and is paid twice per month (not every two weeks, but on the 1st and 15th of the month).

or

how do i determine the pay for a salaried employee as described above for 2 days of work?

Answer 1

Take how much she makes a month (i.e 5000) times it by 12 (for 12 months /year) divide by 52 (for 52 weeks per year) that is how much she makes per week...now take that and divivde by how many hours a week she works ( i.e 40)

Answer 2

First, you need to calculate the yearly salary, which would be 24 x the semi-monthly salary. Once you calculate that figure, divide that amount by 2,088 (total number of hours worked for a typical employee on a 40 hour workweek). That will give you the hourly rate.

For two days of work, then, you would multiply the hourly rate x 16 hours (again, presuming an 8 hour work day).

Answer 3

365 days per year. 52 weekends per year. 104 non-working days per year...therefore there are 261 working days (deduct in holidays if you give them).

26 paydays per year. If paid $X per payday, then 26 x $X = annual salary ($Y). Divide $Y / 261 days and you have the daily salary.