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.
Read moreHow is base salary calculated?
Multiply the annual salary by the number of pay periods in the year to arrive at the employee’s base salary for the pay period . For example, $52,000 per year / 24 semimonthly pay periods = $2,166.67. Subtract the employee’s deductions from her base salary to arrive at her take-home pay.
Read moreHow is basic pay calculated in the Philippines?
Hourly-Rate Computation For Daily-rate employees, the hourly rate is simply calculated as the daily rate divided by the standard # of working hours per day . So if the daily rate is P500. 00 and you have 8 working hours per day, the Hourly Rate is calculated as P500. 00 / 8 = P62.
Read moreWhat is the basic salary?
Basic salary is the base income of an individual . Basic salary is the amount paid to employees before any reductions or increases due to overtime or bonus, allowances (internet usage for those who work from home or communication allowance).
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