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Pay question

Juked07

Juked07

Golden Member
(Numbers rescaled)

Edit
For 52 weeks we're still looking at $3.85 for 10 days and $3.46 for 9 days, as mentioned, which still leaves me curious about the weird amount. My friend told me 50 was normal, and I didn't really think about it.

$5 pay pal bounty posted below.
/Edit

I've worked 9 days at a summer job so far (weekdays from 6/2 to 6/14). My offer letter indicates $100 per year. I would expect this to be calculated using 50 work weeks, for $2 per week, or 40c per day. I got my first pay stub today, which says it's for the pay period 6/1-6/15 (I started on 6/2). The gross amount on the pay stub was $3.77

I would have expected either $3.60 for 9 days or $4.00 for 10 days, depending if the pay stub includes the 15th or not.

I can't seem to figure out how $3.77 could be the correct gross amount. Do you think I'm likely being paid at a higher rate (ie $3.77 per 9 days) or a lower rate (for 10 days) than the offer letter listed? Is it worth it to ask about it?

In other news, taxes are a pain =P

Thanks.
 
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The amount was less than you'd make in a day? Wat?

I assume you mean $3.767, but that still doesn't make sense. Why are you using 50 weeks though? 52 weeks gives $3.42, so I guess that's not that much more helpful.
 
Why 50 weeks? Is that to factor in "vacation time"? If so, you may need to factor in holidays.
 
I don't have excel, but you are basing it off of 50 weeks of pay but you are still getting paid over a 52 week period. So its still $100 / 52.

That still gives $3.46. Maybe your vacation is calculated into it and just paid out.
 
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You're being paid the rate in the offer letter. Your mistake is in dividing by 50 weeks instead of 52.
 
Juked07 said:
(Numbers rescaled)

Edit
For 52 weeks we're still looking at $3.85 for 10 days and $3.46 for 9 days, as mentioned, which still leaves me curious about the weird amount. My friend told me 50 was normal, and I didn't really think about it.
/Edit

I've worked 9 days at a summer job so far (weekdays from 6/2 to 6/14). My offer letter indicates $100 per year. I would expect this to be calculated using 50 work weeks, for $2 per week, or 40c per day. I got my first pay stub today, which says it's for the pay period 6/1-6/15 (I started on 6/2). The gross amount on the pay stub was $3.77

I would have expected either $3.60 for 9 days or $4.00 for 10 days, depending if the pay stub includes the 15th or not.

I can't seem to figure out how $3.77 could be the correct gross amount. Do you think I'm likely being paid at a higher rate (ie $3.77 per 9 days) or a lower rate (for 10 days) than the offer letter listed? Is it worth it to ask about it?

In other news, taxes are a pain =P

Thanks.
Click to expand...

Are you being paid bimonthly or biweekly? Looks to me like it's bimonthly.
 
JulesMaximus said:
Are you being paid bimonthly or biweekly? Looks to me like it's bimonthly.
Click to expand...

($100 / 24) * .9 = 3.75, closest so far!

I'm guessing that's how they'd pro-rate it if you don't work the full pay period. I've only had one job that paid bi-monthly, and I started on the first of a month and haven't left yet, so I've never been paid for a partial period.
 
I've checked the scaling and I'm fairly confident it's right. The exact amount is 3.76667

Cookie for anyone with a reasonable calc that matches exactly! Edit: Actually I'll pay pal you $5 to make it less of a bore.

(Stub doesn't say anything about hours or days, only 6/01-6/15 pay period)
 
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Juked07 said:
I've checked the scaling and I'm fairly confident it's right. The exact amount is 3.76667

Cookie for anyone with a reasonable calc that matches exactly! Edit: Actually I'll pay pal you $2 to make it less of a bore.

(Stub doesn't say anything about hours or days, only 6/01-6/15 pay period)
Click to expand...

That $2 is scaled as well, right? So you're going to give someone approximately 1 week's pay? 😉

(100 / 24) - (100 * (1/250)) = 3.766666...

In Engrish - $100 divided into 24 pay periods, minus 1 day's pay (1 out of 250 working days)

You get paid twice a month, not every other week.
 
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