Calculate Your Work Hours for Business Purposes.
It is important to not only keep track of your own work hours, but also to calculate the total yourself. Sometimes companies can make errors on the payrolls, and it is vital to have evidence if you would like to dispute errors. In addition, you can estimate your taxes before the end of the year. Calculating work hours is also important for keeping track of any overtime payments.
Instructions
1. Keep a log of your work hours. Pocket-sized spiral notebooks are ideal for this. Every day at work, record your arrival or start time and your departure time or end of the workday. From this, of course, you can determine how many hours you worked that day.
2. Add up all of the hours you worked during the pay period.
3. Multiply the number of hours worked by your pay rate. If you worked overtime, multiply the overtime hours by 1.5. Overtime comprises any hours that exceed 40 in one week. This will give you the total amount that you should expect to earn before taxes in a given pay period. If you know what percentage of your pay goes to taxes, you can multiply the number by the percent of the check amount that is left over. For example, if you have 20 percent of your pay taken out of your check for taxes, multiply the amount that you will get before taxes by 80 percent.
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