Annual Salary Amount is Not Correct

Problem

The user put in an annual salary into a Wage Schedule for Goldenseal payroll software, but the weekly amount is not calculating the way they think it should be.

Diagnosis

What are the numbers?

Usually the discrepancy happens because the user figured the annual salary at 52 times the weekly salary.

In fact, there are a bit more than 52 weeks in a year, since 365 is not evenly divisible by 7. So, when they run the Write Payroll command, a $52,000 annual salary will not result in $1000 a week.

Solution

If they want an exact weekly salary, have them put a weekly amount into Goldenseal construction payroll software, rather than an annual one.

Comments

Entered 3/7/06 by Casey. Updated 11/12/2010.