The formulas used to calculate the various pay frequencies are as follows:
\[ \text{Daily Pay} = \frac{\text{Hours Worked per Week}}{\text{Days Worked per Week}} \times \text{Hourly Rate} \]
\[ \text{Yearly Pay} = 260 \times \text{Daily Pay} \]
\[ \text{Weekly Pay} = \text{Hours Worked per Week} \times \text{Hourly Rate} \]
\[ \text{Biweekly Pay} = 2 \times \text{Weekly Pay} \]
\[ \text{Semi-monthly Pay} = \frac{\text{Yearly Pay}}{24} \]
\[ \text{Monthly Pay} = \frac{\text{Yearly Pay}}{12} \]
\[ \text{Quarterly Pay} = \frac{\text{Yearly Pay}}{4} \]
This calculator helps you determine your salary based on your hourly rate and working hours. You can calculate your daily, weekly, biweekly, semi-monthly, monthly, and quarterly pay from your hourly rate.
Let's say your hourly pay is $25. You work 25 hours per week for 5 days. Here are the calculations:
\[ \text{Daily Pay} = \frac{25}{5} \times 25 = 5 \times 25 = \$125 \]
\[ \text{Yearly Pay} = 260 \times 125 = \$32,500 \]
\[ \text{Weekly Pay} = 25 \times 25 = \$625 \]
\[ \text{Biweekly Pay} = 2 \times 625 = \$1,250 \]
\[ \text{Semi-monthly Pay} = \frac{32500}{24} = \$1,354.17 \]
\[ \text{Monthly Pay} = \frac{32500}{12} = \$2,708.33 \]
\[ \text{Quarterly Pay} = \frac{32500}{4} = \$8,125 \]
