To calculate biweekly salary, divide the annual salary by 26, according to Carol Deeb for the Houston Chronicle. For instance, a $50,000 annual salary is divided by 26 to get a biweekly salary of $1,923.08.
Know MoreDeeb further notes that a distinction must be made between bimonthly and semimonthly paychecks. Biweekly paychecks are dispensed 26 times throughout the year. This is because two out of 12 months last longer during the calendar year, which causes paychecks within those months to be issued three times. For a biweekly paycheck of $1,923.08, this means that an employee is paid $5,769.24 each month during those two uneven months. Semimonthly check dates are established twice a month regardless of a month's length, which result in 24 paychecks being issued.
Learn more about Financial CalculationsTo calculate a commercial loan amortization schedule, draw a four-column table, and label them payment amount, interest paid, principal paid and remaining loan balance, notes the Houston Chronicle. Calculate and insert the appropriate amounts in the respective columns.
Full Answer >In the United States, calculate a monthly salary after taxes by subtracting the net monthly salary from the gross monthly salary. Deductions can include federal withholding taxes, FICA or social security and other possible deductions, such as contributions to an IRA. While some optional deductions, like insurance, are not required of all workers in the United States, they can still be included when calculating the net salary from the gross salary.
Full Answer >Midpoint of a salary range is calculated by different formulae based on the minimum or maximum salary and range spread, explains Fox Lawson and Associates for HRPeople. Using a salary minimum, the formula is (((2+RS)/2) x (1+RS)) x Salary Minimum, where "RS" is the salary range, a percentage and decimal.
Full Answer >Each state determines its own workers' compensation rate schedule, and most states calculate the rate to equal two-thirds of the employee's weekly wage up to the minimum amount set by law, says the Houston Chronicle. Workers' compensation is not subject to tax and is not meant to replace a worker's full wages.
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