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I have never had a salary job. My question is about how bi-weekly check amounts are determined.
From what i was told you take the annual salary and divide by 26. But what if business year starts in January and you started in March. You don't have 26 pay periods to get your full annual salary. So would 2 people making same annual salary but one started January 1st and Other March 1st have differing paychecks with all other things being equal. Would the person who started in March have a larger check every two weeks than the person who started in January because there is fewer pay periods to get the person who started in March their full salary for the year than the person that started in January? Basically is the paycheck determined by how many pay periods there are within the year to get the person their salary for the year?
From what i was told you take the annual salary and divide by 26. But what if business year starts in January and you started in March. You don't have 26 pay periods to get your full annual salary. So would 2 people making same annual salary but one started January 1st and Other March 1st have differing paychecks with all other things being equal. Would the person who started in March have a larger check every two weeks than the person who started in January because there is fewer pay periods to get the person who started in March their full salary for the year than the person that started in January? Basically is the paycheck determined by how many pay periods there are within the year to get the person their salary for the year?