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    raiderswright's Avatar
    raiderswright Posts: 2, Reputation: 1
    New Member
    		  
    #1

    May 7, 2007, 06:07 AM
    Yearly salary
    I make $16.00 per hour and I work 40 hours a week however I get paid the 15th and the 30th of each month. I got one pay check for 40 hours and it was $640.00 before taxes. What formula do I use to calculate my gross before taxes each pay? I was told 16x40x50 then I was told 16x40x52/24. Which is the correct formula to figure out my yearly salary and my gross take home pay?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    May 7, 2007, 06:55 AM
    Your annual base salary is $33,280. This is calculated from 16X40X52.

    Your bi monthly gross should be $1386.67 (33280/24)
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