5.04: Salaried Employees
Salaried employees are assumed to work a given number of hours per day and ten days per biweekly pay period for 26 pay periods. You will report their hours using the following formula.
|Salaried Employee||(contract hours per day) × (days per pay period)||Hours worked|
For example, if an employee works eight hours per day, report a straight 80 hours per pay period to yield a yearly total of 2,080 hours. Likewise, if an employee works seven hours per day, report 70 hours per pay period, which results in a yearly total of 1,820 hours.
Last updated: 04/13/2012