Example Sentences for commitment. But our commitment to national safety is not a commitment to expand our military establishment indefinitely. Commitment: This term is used referring to a purchase of stock. Mr. Wilson wished for a commitment in order to reduce the proportion of votes required. The instrument bore the date of Champney Googe's commitment.
The formula of calculating yearly income and hourly salary is as follow: â¢ Yearly income = Hourly wage Ã 40 hrs Ã 52 weeks. â¢ Hourly wage = Yearly salary / ( 40 hrs Ã 52 weeks ) â¢ Daily salary = Hourly wage Ã 8 hrs. â¢ Weekly salary = Daily income Ã 5 days. â¢ Biweekly income = Yearly salary / 26 biweeks.
Obtain the employeeâs regular hourly rate. If salaried, determine hourly rate by dividing annual salary by the number of pay periods for the year. Then, divide the number of weeks for the year by the number of work hours for the week. For example, $50,000 / 52 weekly pay periods / 40 weekly hours = $24.04 hourly.his amounts to $15,414 for the employee and increases her annual cost to $65,414. Step 4. Divide the total cost for the employee by the number of working hours to arrive at the hourly payroll burden rate. For example: $65,414 / 2,010 hours = $32.54.