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View Full Version : Partial Salary Calculation


ginofio
Dec 26, 2008, 08:53 AM
What would the calculation of my gross salary be (my first pay check) if my annual salary is $50,000, my start date was Dec 12, the pay end date was Dec 13 and we are paid every other Friday (26 pay periods)?

Wildsporty
Dec 29, 2008, 09:24 AM
You would be paid for two days pay.

The company can figure it a couple of ways.

With salaried they usually take 52 weeks in a year, multiply it by 5 days in a week and they get 260 workdays in a year.

Take the 50,000 and divide it by 260 and you get 192.31 a day.

Since there were two days in the work period the 12th and the 13th you would be paid for two days. 192.31 x 2 is 384.62.

This is how I would figure it.

Some employer use a percentage method, say two days is 2/5 of the week so they divide the weekly amount by 2/5. so they would take the 50,000 divide it by 26 is 1923.08 divided by 2 for one week is 961.54 divided by 2/5 is 961.54 x .40 or 384.60.

In an figureing there may be a few cents difference. If it is under 50 cents it is acceptable to use whichever method is easier for the employer.

Shirley