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Re: Partial Month Calculations

by Robert McKeever :: Rate this Message:

Depends. If it is a monthly salary, then (A) is correct, save I'd use
working days in the month (16/21).

If it is truly annual, then calculate the working days for the year
and pro-rate accordingly.

On Jun 15, 2009, at 5:53 PM, Sujit Shah wrote:

> I would like to hear from people who have experience in developing
> software for payroll:
>
> If a person works from 01/01/09 to 23/05/09 and his/her wages are
> $48000 per annum.
>
> Would his/her earnings be:
>
> (A)
> $4000*4+23/31*$4000=$12000+$2967.74
>
> or
>
> (B)
> $4000*4+23/365*$48000=$12000+$3024.65 (Non Leap Year)
>
> $4000*4+23/366*$48000=$12000+$3016.40 (Leap Year)
>
> Is there a general consensus/ common practice on this?
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_________________________________________
Bob McKeever http://www.mswl.com
McKeever's Software Wizardry
Maple Ridge, B.C.
bobmckeever@...

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