[Carole 1]

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)

[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.

[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!

[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