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    dtcandelaria's Avatar
    dtcandelaria Posts: 15, Reputation: 1
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    #1

    Jun 15, 2007, 04:08 PM
    Annual to monthly payroll computation
    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's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    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's Avatar
    sailfish014 Posts: 2, Reputation: 1
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    #3

    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's Avatar
    Wildsporty Posts: 445, Reputation: 38
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    #4

    Aug 6, 2010, 06:53 AM
    Quote Originally Posted by sailfish014 View Post
    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's Avatar
    sailfish014 Posts: 2, Reputation: 1
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    #5

    Jan 19, 2011, 09:00 AM

    Thanks Shirley!
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