Monthly pay when working part month

[Im a BusyBee]

If i am only working til today this month and losing the rest of the month unpaid. How do i work out how much i should be paid? i work fulltime and am paid 12 equal monthly payments.

[Wharton]

Divide your usual monthly pay by 30 and multiply by 16.

[Wharton]

sorry - multiply by 17

[Im a BusyBee]

and had this month had 31 days it would have been less money i would be paid although still working 17 days?

[vodkancoke]

I would divide your monthly pay by 4 (weeks)and then divide that figure by however many days you work per week. That should give you your daily pay and then multiply that by how many days you have worked until today. I could be very wrong but that's how I work out mine!

[Wharton]

Yes.

[Im a BusyBee]

but there are 13 lots of 4 weeks in a whole year (52 weeks) and i only get paid 12 times - so that cant be right either??!!

[ojread2]

well in that case your yearly income / by 52 times / by 30 times by 17

[Im a BusyBee]

that can tbe right oj as you got weekly pay (/52) then /30??

[ChuckFickens]

There is no set way to work out pro rata pay, you need to ask your employer what system they use.

[ojread2]

well, what do you normally get paid per month and do what was said first then
It'll all work out to the same answer

[Im a BusyBee]

ive come up with 3 different answers! The answer is annual salary /52 = weekly pay /5 = daily pay x 12 as worked 12 days in april!

[ojread2]

why 5?

take it you dont know your hourly rate?

[ojread2]

ah daily pay

[ubasses]

take your annual pay divide by 52 weeks then divide by hours per week then multiply by the number of hours you will have worked this month.

[factor-fiction]

It seems wrong to use only the working days in April giving a figure of only 12 days for April. On that basis anyone leaving on 29th April would get paid for only around 20 days you should get almost a full month's worth.
Basically it's a little more than half a month, but remember tax and NI may be affected too so you can't come up with an exact figure.

[mike11111]

As Factor says you will only get an approximate figure because of NI and Income Tax, but the easiest way is monthly salary x 12/365 x no of days worked. If you are salaried as opposed to weekly paid then you work an extra day's year in a leap year for nothing.