Confusion over pay per year? ** (see bottom)
ok so doing the family taxes and discovered a payroll question.
so paid 132.3 an hour (a mailing stated this), 10 hour shifts, 26 pay = 1,440 hours (how many actual hours worked). So the paychecks come out 26 times, but what’s on them is 60 hours per bi weekly period. 60 multiplied by 26 = 1,560 hours (def do not work this many hours)
so I get a deficit of .083333 or round about. Or in other words the salary is being divided by 1,560 hours, instead of divided by 1440 hours.
am I looking at this correctly? Or am I missing some large element?
in the field applicable. Full time is 80 hours per bi weekly period , whereas 60 is working 3/4 of full time.
**salary should be around $206,000 (was in mailer stating this)
