For an employee that works the entire year, there are 52 work weeks. For example, an employee that makes $30,000 a year earns 30,000 ÷ 52 = $576. 92 per week.
Continuing our example, the employee with a weekly salary of 576. 92 works 5 days a week. Her daily salary is 576. 92 ÷ 5 = $115. 38 per day.
If our example employee worked 3 days during the prorated period, she should receive 115. 38 x 3 = $346. 14.
If you are in the United States, see our article on withholding federal tax for more information. Additional state taxes may also apply.
If the same employee from above has accumulated 6 days of vacation time, she should be paid an additional 115. 38 (her daily wage) for each day, or a total of 115. 38 x 6 = $692. 28. Deduct taxes from this amount as well.
Monthly paychecks → divide annual salary by 12 Semimonthly (twice per month), → divide by 24. Biweekly (every two weeks) → divide by 26. Weekly → divide by 52. For example, an employee that makes $50,000 and receives monthly paychecks earns 50,000 ÷ 12 = $4,166. 67 each month.
Write down the number of days the employee worked (at the salary level you are calculating). Divide by the number of workdays in that pay period. Count carefully. Don’t assume each pay period has the same number of workdays. [2] X Research source For example, an employee only worked 14 days in September, when normally he would work 22 days. His fraction of days worked is 14/22.
For example, an employee that makes $4,166. 67 each month but only worked 14 out of 22 workdays in September would receive a prorated paycheck of 4,166. 67 x 14/22 = $2,651. 52.
For example, if our employee in the example above has accumulated seven days of paid time off, he should be paid an additional 4,166. 67 x 7/22 = $1,325. 76. This compensation is typically taxable, just like normal pay. [3] X Research source
