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1/200th of annual salary for each day worked. The Formula is: (annual salary x .005) x number of days worked = total gross earned. This is the total gross pay earned for a contract. However, while on contract you are paid 1/12th of your annual salary each month, not the total earned each day.
Salary Steps: A salary step is an incremental increase in salary based on previous qualifying professional experience. This means you'll earn more money the longer you teach within the NYC Department of Education.
Within-grade increases (WAIS) or step increases are periodic increases in a GS employee's rate of basic pay from one step of the grade of his or her position to the next higher step of that grade.
Salary grades define an appropriate salary range for a worker that is assigned to that grade. Step components define the actual recommended pay rate by component for a worker who is assigned to that step.
2 answers. The average salary step is based on the evaluation process for each employee. This usually takes at least 1 year.
Multiply the daily pay rate by the number of days the teacher will be working. For the example, $222.22 multiplied by 100 equals $22,222.22. This is the prorated salary. Divide the prorated salary by the number of checks left in the contract cycle to determine the amount that will be paid out with each check.
Stretch Pay is a line of credit of $250 or $500 to help you pay urgent bills or make an emergency purchase. This type of loan offers a lower-cost alternative to the expensive interest charges and penalties of payday lenders.
Called the 'Non-Qualified Stretch' provision, this feature allows beneficiaries the flexibility to withdraw money from a Monument Advisor account, while continuing to benefit from the compounding power of low-cost tax deferral.
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