Turn a salary into its hourly, daily, weekly, monthly and yearly equivalents, with and without holidays and vacation days.
Everything is converted through a yearly figure. An hourly rate becomes a year by multiplying by your weekly hours and 52 weeks. A daily rate uses your days per week instead. A weekly, monthly or yearly amount is multiplied by its number of pay periods in a year: 52, 12 or 1. From the yearly figure the calculator divides back out to every other pay period, so a bi-weekly check is one twenty-sixth of the year and a semi-monthly check is one twenty-fourth.
The two columns answer different questions. Unadjusted pay assumes you are paid for all 260 weekdays in a year. Adjusted pay takes off your holidays and vacation days, which gives the amount you receive across the year when those days are not paid. If you enter an hourly or daily rate, the adjusted column shows how much less you earn over a year after time off. If you enter a weekly, monthly or yearly salary, it is treated as already adjusted, and the unadjusted column shows the higher rate you earn on each day you actually work.
Unadjusted figures assume you are paid for every working day of the year. Adjusted figures subtract your holidays and vacation days, so they show the pay you actually receive over a year when those days are unpaid.
Hourly and daily amounts are treated as unadjusted pay, since they are earned only on days you work. Weekly, bi-weekly, semi-monthly, monthly, quarterly and yearly amounts are treated as your actual pay after time off, and the calculator works back to the hourly or daily rate that produces it.
A year has 52 weeks, and a standard work week has five weekdays, which makes 260 weekdays. Holidays and vacation days are counted against that total, so ten holidays and fifteen vacation days leave 235 paid working days.
Semi-monthly pay is paid twice a month, so there are 24 paychecks a year. Bi-weekly pay is paid every two weeks, so there are 26 paychecks a year, and each one is smaller for the same annual salary.
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