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Calculating gross salary

To calculate the gross salary for the employee's paycheck, QuickBooks divides the annual salary by the number of pay periods in one year. The gross salary is always the same, no matter how many hours the employee works.

Example

  • Annual salary: $40,000

  • Pay periods per year: 26 (biweekly)

  • Gross salary: $1538.46 ($40,000 divided by 26)

KB ID# H_PAY_ENTERWAGE_EMP_CALC_GROSS_SALARY
9/26/2016 1:45:27 PM
PPRDQSSWS406 9138 Pro 2017 d896c2