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  • Pay Calculation

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    Marlee White
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    This document calculates an employee's hourly rate based on their annual compensation information. It takes the employee's weekly hours worked of 32, annual weeks of 52, and annual PTO hours of 120 to determine their annual hours worked of 1,544. It then divides the employee's annual gross pay of $70,000, annual healthcare premium pay of $6,000, and annual retirement contribution of $8,000 by the annual hours worked to calculate a total compensation of $84,000 and hourly rate needed of $54.40.

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    Calculate pay

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    This document calculates an employee's hourly rate based on their annual compensation information. It takes the employee's weekly hours worked of 32, annual weeks of 52, and annual PTO hours of 120 to determine their annual hours worked of 1,544. It then divides the employee's annual gross pay of $70,000, annual healthcare premium pay of $6,000, and annual retirement contribution of $8,000 by the annual hours worked to calculate a total compensation of $84,000 and hourly rate needed of $54.40.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    Download as xlsx, pdf, or txt
    4 views2 pages

    Pay Calculation

    Uploaded by

    Marlee White
    This document calculates an employee's hourly rate based on their annual compensation information. It takes the employee's weekly hours worked of 32, annual weeks of 52, and annual PTO hours of 120 to determine their annual hours worked of 1,544. It then divides the employee's annual gross pay of $70,000, annual healthcare premium pay of $6,000, and annual retirement contribution of $8,000 by the annual hours worked to calculate a total compensation of $84,000 and hourly rate needed of $54.40.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 2

    Hourly Rate

    Weekly Hours Worked Input → 32


    Annual Weeks 52
    Annual Hours Scheduled 1,664
    Annual PTO Hours Input → 120
    Annual Hours Worked (Scheduled - PTO) 1,544
    Annual Gross Pay Input → 70,000 $45.34
    Annual Healthcare Premium Pay Input → $6,000 $3.89
    Annual Retirement Contribution Input → $8,000 $5.18
    Total Compensation $84,000 $54.40

    Hourly Rate Needed $54.40

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