Carole 1
Nov 7, 2007, 04:55 PM
How do I set up the pay for a salary employee?
Do I determine the pay based on weekly, monthly, or yearly totals.
For example: The employer wants an employee to receive $1200.00 per week gross pay.
Do I times that by 52 weeks (which would be $62400.00). Or do I times that by 4
(4800.00) and then by 12 months ( which would be $57600.00)
Also, if I calculated by the 52 week method, would that cover all weeks in the year, considering that some months have more or less weeks.
Thank You... Carole)
Do I determine the pay based on weekly, monthly, or yearly totals.
For example: The employer wants an employee to receive $1200.00 per week gross pay.
Do I times that by 52 weeks (which would be $62400.00). Or do I times that by 4
(4800.00) and then by 12 months ( which would be $57600.00)
Also, if I calculated by the 52 week method, would that cover all weeks in the year, considering that some months have more or less weeks.
Thank You... Carole)