The breakeven point is the number of units that must be sold to cover your costs. Your goal is to always sell above your breakeven point to make a profit. To calculate your breakeven point, you need to know two things: your fixed costs and your variable costs per unit. To calculate you...
Advantages of Fixed Costs Disadvantages of Fixed Costs Fixed Cost Examples Rent or Mortgage Payments Depreciation Amortization Utility Bills Salary Payments to Employees Health Insurance Advertising and Marketing Costs Property Tax Interest Expense How to Calculate Fixed Costs? Calculating Fixed Costs Using ...
Method 2 – Calculation of Basic Salary Using CTC We have a dataset of CTC for the employees and the Basic Salary percentage of CTC. We want to calculate the Basic Salary from this percentage. Steps: Enter the following formula to the cell where you want to get your desired output: =C5...
To calculate an employee’s salary in an incomplete month, you will need to know the employee’s annual salary and the number of days worked in the preliminary month. Following that, divide their yearly salary by 12 (the number of months in a year) to find their monthly salary. Then, d...
Gross salary is calculated by adding basic salary, house rent allowance, leave travel allowance and special allowance to arrive at Rs 6,00,000. Calculate the net salary by subtracting the amount of Provident Fund, Gratuity, Insurance premium and Professional Tax from the Gross Salary. Therefore,...
Step 1: Calculate gross pay per pay period Salaries are typically measured annually, so the first step to calculating an employee’s gross pay is to divide the annual salary by the number of pay periods the employee works. For example, someone with an annual salary of $90,000 who gets pa...
Base pay or base salary is the fixed amount of money an employee receives each pay period. Learn more about base pay and how to calculate it with Paychex.
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1. Find the regular hourly rate by dividing the fixed weekly salary by the employee’s fixed hours. $750 / 36 hours = $20.83 per hour of regular work 2. Calculate the employee’s total regular wages. $20.83 x 40 hours = $833.20 3. Multiply the regular hourly rate by 1.5 to get...
The Hawksford HR Service Team has drafted the ultimate guide to analysing the formulas used to calculate IIT on annual bonuses, maximising your employees' net income, and presenting practical examples of applying these principles. In 2018, the Ministry of Finance and the State Administration of Taxa...