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Advertised hourly rates usually refer to the gross rate, which is the pay before deductions, but you may also use the net deposit amount to calculate a net hourly rate.
To calculate the hourly rate for a salaried employee, divide the yearly salary by 52. For example, divide an annual salary of $37,440 by 52, which equals a weekly pay amount of $720.
Here's what you should know about net pay, what it is, how to calculate it and the difference between gross pay vs. net pay.
Learn how to calculate your annual income, whether you're salaried, hourly, or self-employed. Discover tips for accurate calculations and understanding your financial picture.
For an hourly employee, wages can include breaks, on-call time, overtime, travel time and training. Gross pay is the starting point for all calculations related to employee compensation and taxes.
Here's what you should know about net pay, what it is, how to calculate it and the difference between gross pay and net pay. Start the day smarter.
It's important to keep track of how much you've earned throughout the tax year. Here's how net pay works and its difference from gross pay.
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