Depending on the information you provide, the Pay Rate Calculator computes different information:
- Enter your annual salary to get your bi-weekly gross
- Enter your bi-weekly gross to see your annual salary
- Calculate hourly and premium rates that could apply if you are paid overtime
If you are paid on an hourly or daily basis, the annual salary calculation does not apply to you. Your bi-weekly pay is calculated by multiplying your daily or hourly rate times the number of days or hours you are paid.
For premium rate Time and One-Half, multiply your hourly rate by 1.5. For instance, if your Hourly Rate is $24.00, your Premium Rate at Time and One-Half = $24.00 X 1.5 = $36.00
For premium rate Double Time, multiply your hourly rate by 2. For instance, for Hourly Rate $24.00, the Premium Rate at Double Time = $24.00 X 2 = $48.00
Please note: The Pay Rate Calculator is not a substitute for pay calculations in the Payroll Management System. In the event of a conflict between the information from the Pay Rate Calculator and the Payroll Management System, calculations from the Payroll Management System prevail.