Charters and Public School Academies
Governmental Accounting Standards Board (GASB)
Employer Contributions Forfeiture Credit
Charters and Public School Academies
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Salaried employees are assumed to work a given number of hours per day and 10 days per biweekly pay period for 26 pay periods. You will report their hours using the following formula.
Reportable hours = (contract hours per day) × (days per pay period)
Reportable hours for salaried employees |
||
|---|---|---|
Category |
Full-time |
Part-time |
| Salaried Employee | The number of contract hours per day multiplied by the 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