12 Month Employee Calculation The State 12 month employee’s salary is budgeted as an annual amount within a fiscal year. The annual salary is for 365 days and paid on a bi-weekly basis. The bi-weekly pay consists of 14 days. To arrive at a correct bi-weekly salary rate you must divide the annual salary by the pay period factor: Non-Leap Year Calculations Leap Year Calculations 9 Month Employees, 9/12 Employees & Contract Calculations When you receive pay every two weeks, you may think that it's the equivalent of being paid twice per month. While usually you do get paid twice per month when you receive bi-weekly pay, sometimes you get paid more than twice in a month, depending on how many weeks are in the month. Because there are 52 weeks in a year, there are 26 bi-weekly pay periods. This means that receiving pay every two weeks will result in a different calculation of monthly wages than if you receive your pay twice per month, so multiplying your check by two will not bring you the correct amount. Tips
Calculating Monthly Pay from Bi-Weekly PayYour most recent pay stub should show your gross pay amount for that pay period. The gross pay amount is the amount of money you make before any taxes or other deductions, like insurance, are taken out. The pay stub will frequently indicate that a particular amount is your gross pay. Once you determine your gross pay for that pay period, multiply that figure by 26, because there are 26 two-week periods in 52 weeks, or one year. For example, if your gross pay is listed at $2,500, you will multiply 2,500 by 26, which equals $65,000. This is how much you gross in one year. Because there are 12 months in one year, you can divide this number by 12 to find out your gross monthly wages. $65,000 divided by 12 is $5,416.67. That figure is your monthly gross pay. Rarely, such as in a leap year or if your pay is issued on January 1 in a normal year, you may end up having 27 pay periods that year instead of 26. However, if this is the case, you can use the same formula but substitute 27 in the calculation instead of 26. So in the example above, if there are 27 pay periods, you would multiply your gross income for the pay period, $2,500, by 27 and then divide the answer by 12. Multiplying 2,500 by 27 results in $67,500, which divided by 12 is $5,625. You can also use these formulas to calculate your monthly net income (your take-home pay), by using your take-home pay for that paycheck as the starting number instead of the gross pay. Bi-Weekly Compared to Semi-MonthlyIn contrast, semi-monthly pay, which is payment twice per month, results in an average lower monthly pay if the payment amount is the same. If you are paid semi-monthly, you likely receive your check on two set dates each month, such as the 1st and the 15th. There are only 24 semi-monthly pay periods in one year rather than 26, so if you gross $2,500 per pay period but are paid semi monthly, you would multiply 2,500 by 24, which equals $60,000 per year. If you divide 60,000 by 12, you get $5,000 per month.
 Thailand Photographer./iStock/GettyImages If you work in human resources, you will need to be ready to answer a variety of questions regarding paychecks. To answer many of these questions, you will need to know how to calculate wages from rates to salaries for various different time frames. This guide will help you convert bi-weekly pay to an annual salary. If you are an employee who wants to determine your own wages without talking to human resources, this guide will help you as well. Calculating an Annual Salary from Bi-Weekly PayDetermine your bi-weekly wage. If you are paid by the hour this would be the number of hours you work in two weeks multiplied by your hourly wage. The amount you get from this calculation would be your pay before taxes. If your pay varies from paycheck to paycheck, you will want to get an average amount of how much you get paid bi-weekly. You can do this by adding together the amounts of the paychecks you have received then dividing the sum by how many paychecks you have received. For example, if you have received five paychecks for $650, $700, $700, $805 and $500, you add together the amounts to get 3,355. Divide that by five: 3355 / 5 = $671. In this example, the average bi-weekly pay is $671.00. Determine how many paychecks you will have in a year. For the simplicity of this guide, we will say 26, which is 52 weeks divided by two. You won't always have 26 paychecks, though, due to when pay periods fall in a month. Multiply your bi-weekly pay by the number of paychecks you will receive in the year. Annual Salary = (bi-weekly pay) x (number of paychecks in a year) For example, if you get paid $671.00 bi-weekly and will receive 26 paychecks, your annual salary would be $671.00 x 26 = $17,446. TipDetermine whether you want the gross or net annual salary. Gross is before taxes and net is after taxes. In our example the final amount was the gross annual salary because it was based on the gross bi-weekly pay. Tips
Photo Credits Thailand Photographer./iStock/GettyImages
How do you calculate annual income?How to calculate annual income. To calculate an annual salary, multiply the gross pay (before tax deductions) by the number of pay periods per year. For example, if an employee earns $1,500 per week, the individual's annual income would be 1,500 x 52 = $78,000.
What is the formula for weekly pay?If you generally worked five days per week, your AWW will be set by dividing your total salary by the total number of days paid, then multiplying the result by 260, and dividing that total by 52.
How do I calculate my daily salary in Malaysia?For Normal Days
First, calculate the daily, ordinary rate of pay by dividing the monthly salary by 26.
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How to calculate annual income if paid bi weekly
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