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How do you work out your hourly wage?

ktc · 2009-05-29 11:19:14

Hi, I was hoping someone could give me a formula for this? I'm getting 11 hours dropped from my work week and am trying to work out from my payslip what I will be taking home? Can anyone help? thanks".

29-05-2009 11:19am

#1

ktc

Registered Users, Registered Users 2 Posts: 43 ✭

Join Date: August 2006

Posts: 20

Hi, I was hoping someone could give me a formula for this? I'm getting 11 hours dropped from my work week and am trying to work out from my payslip what I will be taking home? Can anyone help? thanks".

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Comments

#2 29-05-2009 1:47pm

Past30Now

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Posts: 374

Rubbish answer - ignore

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#3 31-05-2009 5:18pm

ktc

Registered Users, Registered Users 2 Posts: 43 ✭

Join Date: August 2006

Posts: 20

Have I missed something there?

I've asked a question above, can anyone post to help me?

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#4 31-05-2009 11:05pm

namenotavailablE

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Posts: 59646

Example:

Say you earn €500 each week before tax (gross amount) for a 40 hour week. Your current hourly rate is €12.50 (€500/40).
If you lose 11 hours per week, your revised gross pay will be €12.50 x (40-11) = €362.50.

The amount you'll take home after tax depends on your tax status- single/married/widowed/ public sector employee/ private sector employee/ entitled to a full medical card etc. If you want to post details I might be able to give a ballpark value for your revised take-home pay.

Free Excel net pay calculator- https://taxcalc.eu/monthlyss/Employee%20PAYE%20calculator.xlsm

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