mortgage or job applications. Or, you may just want to know howyour annual salarybreaks down by the hour. You must determine your total annual salary and the number of hours and weeks you work per year to calculate your hourly wage. ...
Many jobs are paid based on an hourly rate rather than an annual salary that's divided up into predetermined amounts for each pay period. Usually, this does not make any difference, but occasionally you may need to calculate annual salary from hourly wage. Credit applications usually require a...
If you earn an hourly salary and a commission, you would only need to calculate each salary separately and add them together. Continuing the same example, you would earn $58,800 in salary ($33,800 + $25,000). A fixed percentage loan maintains the same interest rate over the term of t...
Also deduct any supplemental wages that are not part of regular pay. Anything that is not related to hourly pay must be deducted before calculating annual base salary. To take the earnings from one paycheck and calculate annual base salary, you need to know how many pay periods are in a y...
To calculate an employee’s salary for an incomplete month based on their regular hours, you will need to know their standard hourly rate and the number of hours they have worked during the incomplete month. First, calculate the total number of hours worked during the incomplete month by multi...
Calculate the average amount you receive in each paycheck. In most cases it will be a set number, like when you are on a straight salary and are paid the same amount each pay period. However, if you are paid hourly and work an irregular number of hours, then you have to calculate an...
If you are a contract worker receiving a per diem salary, you are paid a specific amount of money for each day that you work. There are times that you may need or want to know your annual salary, and this can present a challenge because you may not know
Hourly: Multiply by 2,000 Daily: Multiply by 200 Weekly: Multiply by 50 Monthly: Multiply by 12 Below, we will show an example of how to move between thetime periods. Example of Annual Income Calculator Let’s work through how to calculate the yearly figure by using a simple example. As...
To calculate a salaried employee’s fringe benefit rate, the calculations are fairly similar. Let’s say one of your employees earns an annual salary of $75,000 per year. They also receive around $18,000 per year in fringe benefits. The calculation for the total cost of fringe benefits wo...
Since salaried employees are typically exempt from rules regarding overtime pay, their gross pay should remain consistent except for when they take unpaid leave or receive a salary adjustment. To calculate gross pay for a salaried employee, just divide their yearly pay by the number of pay period...