If you get paid biweekly, meaning every two weeks, it's often useful to know how much you'll be taking home from the office each pay period. You can divide your annual salary by the number of pay periods in a year to get your total biweekly pay, but you'll also want to make su...
Figure out annual salary (if applicable) by multiplying the amount you receive each pay period by the number of pay periods in the year, such as 52 weekly pay periods or 26 biweekly pay periods to arrive at your gross salary for the year. This method works best if you work 40 hours e...
Ask about payment plans.Some companies offer “installment plans” that let you break a large cost into smaller weekly, biweekly, or monthly payments (i.e. “installments”) with a low interest rate. This is especially common among medical providers, so if you’ve been slammed with a price...
If you want to cut your mortgage term in half, simply figure out what the 15-year payment would be, then make that payment each month until the mortgage is paid in full. In general, this is about 1.5X the 30-year payment. For example, a $350,000 mortgage set at 5% would require ...
Is it wise to pay off my mortgage with my 401(k)? Are biweekly mortgage payments a good idea? Did you find this article helpful? Share it! Link Copy About the author Rachel Cruze Rachel Cruze is a #1 New York Times bestselling author, financial expert, host of The Rachel Cruze Show...
You’ll need to gather information from your payroll records to calculate employee federal tax withholding. Here’s the information you’ll need for your calculations:Payroll period details, including the frequency of your pay periods (weekly, biweekly, semi-monthly, or monthly) and the amount ...
Taking out a 30 year mortgage that allows you to prepay and making the equivalent of 13 payments a year will cut around five years off the mortgage, but those payments are no different than if you had taken out a 25 year mortgage to start with. The math is the same. The bi-weekly ...
Calculating Monthly Pay From Bi-Weekly Pay Your most recent pay stub should show your gross pay amount for that pay period. Thegross payamount is the amount of money you make before anytaxes or other deductions, like insurance, are taken out. Thepay stubwill likely indicate that a particular...
Below, we’ve provided a sample table to do just that. To keep track of your total expenses, add up your fixed and variable costs to figure out your total expenses, or "Money Out." To reflect fixed costs, like mortgages, rent, subscriptions, car payments or public transit expenses, insu...
The amount you are being paid for the current pay period (whether it's weekly, biweekly, twice monthly, or monthly) generally comes first on your pay stub and is the most straightforward figure to understand. What you'll likely see in this section depends on whether you are a salaried or...