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Calcualting Part Time Pay
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How much would a person roughly get per month if they work part time 15 hours a week with an annual salary of £14,294 - £17,425 p.a ?
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14294/12 = £1191 per month. You'd need to deduct income tax/NI etc from that.
It's good pay for 15 hrs a week.
However you don't say whether the annual salary is the actual salary for 15 hours pw, or the equivalent full time salary.
If the latter, then you need to know the full time hours. You'd need to divide the salary by the full time hours, then multiply the result by 15 for the annual p/t salary. Then you simply divide that figure by 12, viz (assuming full time is 37 hours):
14294/37= 386.32
386.62 x 15 = 5794.86
5794.86/12 = 482.90 - the monthly amount - and if you have no other income then you wouldn't pay tax on it either.
It's good pay for 15 hrs a week.
However you don't say whether the annual salary is the actual salary for 15 hours pw, or the equivalent full time salary.
If the latter, then you need to know the full time hours. You'd need to divide the salary by the full time hours, then multiply the result by 15 for the annual p/t salary. Then you simply divide that figure by 12, viz (assuming full time is 37 hours):
14294/37= 386.32
386.62 x 15 = 5794.86
5794.86/12 = 482.90 - the monthly amount - and if you have no other income then you wouldn't pay tax on it either.
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