View Full Version : Annual to monthly payroll computation
dtcandelaria
Jun 15, 2007, 04:08 PM
Hi,
I'm applying for a job and the offer is 50K/year. How do I convert it to monthly gross ?
Thanks,
Dinah Candelaria
Fr_Chuck
Jun 15, 2007, 06:41 PM
Divide it by 12, ( 12 months in a year)
There is 52 weeks, so you divide it by 52 to get your weekly amount
sailfish014
Jul 30, 2010, 11:46 PM
Hi...
Do you divide it by 26 for a 6-day-work-week to get the daily salary or do you divide it by the actual number of working days (given that there are months like February and there are months ending on the 31st)?
Ken
Wildsporty
Aug 6, 2010, 06:53 AM
Hi...
Do you divide it by 26 for a 6-day-work-week to get the daily salary or do you divide it by the actual number of working days (given that there are months like February and there are months ending on the 31st)?
Ken
Ken,
If your work week is 6 days a week you would take 52 weeks x 6 for a total of 312 days. Divide the 50,000 by 312 and you will get a daily rate of 160.26.
If you want a monthly rate you would simply divide the 50,000 by 12 months for a total of 4166.67.
Shirley
sailfish014
Jan 19, 2011, 09:00 AM
Thanks Shirley!