Learn how to calculate your hourly salary with Excel. Harness the power of Excel to keep track of your earnings so you can know exactly how much you’re making.
Learn how much you make yearly by multiplying your hourly wage. Many employers place people on salary where they get a flat rate per year that is divided into paychecks, but some get paid by the hour. If you are an hourly employee, a few calculations can help you determine your salary w...
this does not make any difference, but occasionally you may need to calculate annual salary from hourly wage. Credit applications usually require a statement of your annual income, or you may have a second job and want to estimate
credit card bills and utilities are due every month. Calculating your monthly salary is an important step in managing your household cash flow from one month to the next. Whether you know your hourly, weekly, bi-weekly or annual pay, you can convert this amount into a monthly salary. Once ...
Overtime pay can be a complex issue. Let’s dive into some key factors to remember when calculating overtime pay for your eligible employees.
Whether you choose to prepare your taxes manually or through software, the steps and information needed are the same. The first step is to estimate your gross earnings. That is, your earnings before any deductions. If you’re paid an annual salary, this is pretty easy. If you’re hourly,...
Hourly Employees with Irregular Hours If you work irregular hours and/or occasionally work overtime, you can calculate your average monthly income to get an idea. To come to an average, you add up each item and then divide by the number of items. So if you want to know how much you ...
Step 4: Calculate your billable hourly rate. Use the formula Billable hourly rate = (Total costs / Billable hours) x Profit margin Here’s an example of how Jane, a freelance graphic designer, calculates her billable hourly rate. Jane’s total annual costs, including her salary and business...
You can even make on-the-fly pay rate changes for hourly employees during a payroll run. Learn More About Patriot Payroll How to calculate a salary pay raise Ready to learn how to calculate a pay raise? You can use one of two methods to calculate a salary increase: Flat raise ...
Calculating per hour rates can help you set a common metric for comparison. For example, if you are an employee who works on salary, you might want to calculate the hourly rate that your salary equates to. You can also find the production rates for diffe