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Georgia G
2017-02-12
I am just getting started. I am happy with the forms - only done one but in a panic- and you all came through. However, I signed up for the monthly plan and I got a bill saying the amount was $180 - the annual amount.How can I verify that I signed up and will be billed monthly at $15.00? I will be happy to do a survey in a month or two.
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To determine your hourly wage, divide your annual salary by 2,080. If you make $75,000 a year, your hourly wage is $75,000/2080, or $36.06. If you work 37.5 hours a week, divide your annual salary by 1,950 (37.5 × 52). At $75,000, you hourly wage is $75,000/1,950, or $38.46.
If you know you work 40 hours a week for 50 weeks a year then you would multiply the hourly stated wage by 2,000 to get the annual total & then divide by 12 to get the monthly equivalent.
For hourly employees, the calculation is a little more complicated. First, to find your yearly pay, multiply your hourly wage by the number of hours you work each week, and then multiply the total by 52. Now that you know your annual gross income, divide it by 12 to find the monthly amount.
To calculate the hourly rate for a salaried employee, divide the yearly salary by 52. For example, divide an annual salary of $37,440 by 52, which equals a weekly pay amount of $720. When the employee normally works 40 hours per week, divide the weekly pay of $720 by 40 to calculate the hourly rate.
When figuring the hourly rate, use the gross pay to the employee, rather than after-tax pay. Multiply the number of overtime hours by 1.5 because overtime hours pay time and a half. For example, if the employee worked 40 regular hours and 10 overtime hours, multiply 10 by 1.5 to get 15.
Daily Rate = (Monthly Rate X 12) / Total working days in a year.
In this method, the pay per day is calculated as the total salary for the month divided by the total number of calendar days minus Sundays. For example, let us assume that an employee joins an organization in September which happens to have 4 Sundays.
Divide your annual salary by the number of days per year you work to find the daily rate. For this example, if your annual salary equals $55,900, divide $55,900 by 260 to get $215 as your daily rate.
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