To calculate biweekly salary, divide the annual salary by 26, according to Carol Deeb for the Houston Chronicle. For instance, a $50,000 annual salary is divided by 26 to get a biweekly salary of $1,923.08.
Continue ReadingDeeb further notes that a distinction must be made between bimonthly and semimonthly paychecks. Biweekly paychecks are dispensed 26 times throughout the year. This is because two out of 12 months last longer during the calendar year, which causes paychecks within those months to be issued three times. For a biweekly paycheck of $1,923.08, this means that an employee is paid $5,769.24 each month during those two uneven months. Semimonthly check dates are established twice a month regardless of a month's length, which result in 24 paychecks being issued.
Learn more about Financial CalculationsBecause each state has its own mandate regarding its workers' compensation program, it is essential to consult the home state's rates and minimum and maximum amounts, says the Houston Chronicle. Also, if an employee suffers a permanent disability, he may be eligible for lifelong compensation and medical expenses reimbursements.
Full Answer >Financial ratios by industry include debt ratios, liquidity ratios, market value ratios and profitability ratios, notes the Houston Chronicle. The ratios compare a firm's growth and its position in the industry. Ratios can be further divided into price/earnings growth, return on equity ratio and others, explains Forbes.
Full Answer >To calculate a commercial loan amortization schedule, draw a four-column table, and label them payment amount, interest paid, principal paid and remaining loan balance, notes the Houston Chronicle. Calculate and insert the appropriate amounts in the respective columns.
Full Answer >Each state determines its own workers' compensation rate schedule, and most states calculate the rate to equal two-thirds of the employee's weekly wage up to the minimum amount set by law, says the Houston Chronicle. Workers' compensation is not subject to tax and is not meant to replace a worker's full wages.
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