I assume it is Gross x 24 / 52 / 40?
2007-07-12 23:18:17 · 4 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
(The paycheck is issued on the 15th & 30th of the month)
2007-07-13 00:09:44 · update #1
The paycheck is the same every time, even if there is a holiday.
2007-07-13 00:11:39 · update #2
I guess that wopuld be salary not hourly.
2007-07-13 00:45:55 · update #3
Assuming the paychecks are equal this is correct. However you may have a case where you are paid for the hours worked(or scheduled) in the pay period, which may vary from month to month. The variation is due to the length of months and the number of weekdays in the each month.
2007-07-12 23:23:44 · answer #1 · answered by VATreasures 6 · 1⤊ 0⤋
Dividing by 80 (2x40hrs) is one way. A more accurate way is to assume an average of 22 working days per month, this allows for odd month lengths and public holidays. So (Gross x 24) to give annual salary. (22*8*12) = hrs per year (2112). So hourly rate is (Grossx24)/2112.
2007-07-13 06:30:16 · answer #2 · answered by Del Piero 10 7 · 0⤊ 0⤋
Correct.
2007-07-13 06:21:08 · answer #3 · answered by regerugged 7 · 0⤊ 0⤋
The easy way is to divide your check by the number of hours worked. Are you serious or just checking if we are paying attention?
2007-07-13 07:09:24 · answer #4 · answered by Leepal 5 · 0⤊ 0⤋