Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Payroll (https://www.askmehelpdesk.com/forumdisplay.php?f=249)
-   -   Setting up Salary Employees (https://www.askmehelpdesk.com/showthread.php?t=149632)

  • Nov 7, 2007, 04:55 PM
    Carole 1
    Setting up Salary Employees
    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)
  • Nov 7, 2007, 05:38 PM
    shygrneyzs
    I would use the 52 weeks in the year. Would not use "4" - if you use a number for the number of weeks in a month, you would need 4.3, as there are not just four straight weeks in a month. That is what I was taught when I was a health admin and doing payroll.
  • Nov 12, 2007, 01:06 AM
    CindyLynn
    it would for sure be x 52 other wise you would miss the months that have 5 weeks. If you want hourly you would divide by 2080 or monthy by 12 or biweekly by 26... have fun!
  • May 7, 2010, 10:58 AM
    hontoni

    Since your employer has asked you to pay them #1,200.00 a week, gross pay, this seems to be the number to base everything on.

    In my opinion, I would multiply the $1,200.00 by 52 weeks and then divide this by the number of pay periods. If you pay twice a month, divide by 24, monthly would be 12 and so on. If you pay weekly, just work with $1,200.00

  • All times are GMT -7. The time now is 06:48 AM.