Pay question

[Juked07]

(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.

 

[rcpratt]

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.

 

[Juked07]

Ah got the scale wrong. My bad, fixing.

 

[glenn beck]

this post makes no cents

 

[nickbits]

I would wait for a 2nd stub and if that doest add up, ask them.

 

[CPA]

Why 50 weeks? Is that to factor in "vacation time"? If so, you may need to factor in holidays.

 

[Tweak155]

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.

 

[Corporate Thug]

(Numbers rescaled)

Wow, I missed that one the first time around...

 

[amdhunter]

You make $100 a year? Baller.

 

[WA261]

You make $100 a year? Baller.

this

 

[Juked07]

I guess I should have scaled the numbers up instead of down so that ATOT would be more use to it.

 

[mugs]

You're being paid the rate in the offer letter. Your mistake is in dividing by 50 weeks instead of 52.

 

[rcpratt]

You're being paid the rate in the offer letter. Your mistake is in dividing by 50 weeks instead of 52.

No, it's not.

 

[mugs]

No, it's not.

You raise a good point.

OP, doesn't the pay stub say how many hours you're being paid for and the hourly rate?

Is it possible that you screwed up the math when scaling your pay down?

 

[JulesMaximus]

(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.

Are you being paid bimonthly or biweekly? Looks to me like it's bimonthly.

 

[mugs]

Are you being paid bimonthly or biweekly? Looks to me like it's bimonthly.

($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.

 

[Juked07]

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)

 

[mugs]

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)

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.

 

[Juked07]

Mugs you're my hero. PM me your e-mail if you want the prize.

/thread