How it is calculated
It works for a contractor’s rate and for your own pay. Lunch, leave, and tax do not enter the hours by themselves. Enter the hours you want the sum spread across.
Hour = pay / hours
Where the numbers come from
- Payment
- Hours — unit in the field: h
Example
100 000 currency units for 160 hours is 625 currency units per hour.
Questions
Can I enter a fractional number of hours?
Yes, for example 7,5.
Where does the monthly figure of 160 come from?
This is an example at 8 hours and 20 working days. Enter your own figure.
Is income tax deducted?
No. If you need the take-home pay, use the salary calculator first.