July 23, 2020
In the “Hourly” column, what do you enter if someone transitioned from hourly to salary or salary to hourly during the defined period?
Posted by Armanino Financial Advisory Team
Keep it consistent throughout, so you’ll have to adjust somewhere. In this example, enter the employee data as hourly throughout since such employees have variable hours while salaried ones do not. When they converted to salaried, simply enter 40 hours for each pay period if weekly, 80 hours if you pay bi-weekly, or 86.7 hours if you pay semi-monthly.