How To Calculate The Salary For An Incomplete Month

Table of contents:

How To Calculate The Salary For An Incomplete Month
How To Calculate The Salary For An Incomplete Month

Video: How To Calculate The Salary For An Incomplete Month

Video: How To Calculate The Salary For An Incomplete Month
Video: 🟥Salary Calculation Explained | Monthly Payroll Formula & methods 2024, November
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If an employee has worked a part-time working month and has not fully worked out the working hours established in a given month, then the salary, payroll taxes and the amount of the regional coefficient are calculated based on the actual hours worked. To calculate the wages for an incompletely worked working month, it is necessary to calculate the average hourly wages for the work of this employee.

How to calculate the salary for an incomplete month
How to calculate the salary for an incomplete month

Instructions

Step 1

Employees are paid based on the hourly rate, on the daily rate and on the monthly salary. Also, funds can be paid based on the amount of the employee's work.

Step 2

With a fixed wage at an hourly rate, you need to multiply the number of hours actually worked in a given billing period by the hourly wage amount. The bonus is usually not paid if the working month is not fully worked. If your company pays a bonus when a month is not fully worked, then the amount of the bonus must be divided by the number of hours that were in the billing period and multiplied by the actual number of hours worked.

Step 3

If you are paid at the established daily rate, multiply the number of days actually worked by the daily wage rate. The bonus is also calculated based on the days actually worked. In this case, the amount of the bonus is divided by the prescribed number of working days and the amount received is multiplied by the days actually worked. The amount of the regional coefficient is calculated based on the calculated amount of actual earnings. Income tax of 13% is deducted from the entire amount.

Step 4

If an employee has a monthly salary set, then it is necessary to calculate the average daily amount for one day, based on the working days of the given month. The resulting amount is multiplied by the days actually worked in this billing period.

Step 5

When working, the amount earned is paid from the production in this billing period.

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