MariaT wrote:Standard work week at my company is 40 hrs/week for salaried employee for a total of 2080 hrs per annum. For a salary of $100K per hour rate = $48.076 ($100k/2080).
This is true if he works 2,080 hours a year but he doesn't. You have to subtract out the holidays and thus his hourly rate is much higher than $48.07.
jjg247 wrote:The govt frequently uses 2087 as the # of work hours in a year. There is a chart on OPM that depicts that exact # for any given year. I believe leap year may have something to do with the fluctuation, but don't quote me on that.
Rupert wrote:Update: Just got my first furlough paycheck. mhc got it right: it was a 9.2% reduction in gross pay.
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