Working for OK Titansports, Donna makes an annual salary of $29,400. What would her gross pay be if she were paid weekly?

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Oddman Profile
Oddman answered
$29,400/52 = $565.38
If she is paid for 261 days a year, as many people are, her daily rate is $112.644. A week's pay is then $563.22. At the end of a year, she will be 1 day's pay short or 4 days ahead of her annual salary, depending on how many paychecks she received that year (52 or 53). Some payroll departments will adjust the daily rate for leap years. Some will keep track of the accumulated pay, making adjustments of a penny here or there to reduce the accumulated effect of rounding off the number.

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