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gross part time pay

hi,

my annual salary is 24660
37 hrs per week

my part time hours will be 26 hours per week

can someone tell me how to work out my annual gross earnings please - with workings out please xx

Comments

  • Pont
    Pont Posts: 1,459 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    edited 27 July 2011 at 4:50PM
    £24660 divided by 37 = £666.49 X 26 = £17328.74 would be a decent ballpark figure.

    or...

    26 hours is 70.27% of 37 hours. Therefore £24660 X 70.27% = £17328.58.

    Very little in it.
  • SueC_2
    SueC_2 Posts: 1,674 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    £17328.65.

    You can either:

    Take your annual full time salary, divide it by 37, then multiply that figure up by 26, or

    Take your annual full time salary, divide it by 52.143 to get your full-time weekly rate, then divide that by 37 to get your full-time hourly rate. Then multiply your full-time hourly rate by 26 to get your part-time weekly rate, and multiply that by 52.143 to get your part-time yearly rate.

    Both methods come up with the same answer.
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