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    lilki's Avatar
    lilki Posts: 1, Reputation: 1
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    #1

    Jul 16, 2008, 06:15 PM
    Calculating Daily Rate Salary
    If an employee is paid $700.00 per week, how do you calculate his gross pay if he is paid bi-monthly?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Jul 16, 2008, 06:45 PM
    You know I will be honest these sort of things worry me about what we teach kids in public school.

    Bi monthly is twice a month.

    Is the 700 a week based on working every week?

    700 times 52 weeks gives you the annual wages.

    Divide this by 24, there is 24 pay checks if you are paid twice a month.
    ** if this is a salary, it will be exactly the same, if they are a hourly of course each check differs slightly since some will have more and some less days in them depending on the days of the month

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