payroll calculation

How to Calculate Gross Pay?

Gross pay calculation varies based on the type of compensation structure:
Hourly Employees: Multiply the number of hours worked by the hourly rate. Overtime pay is calculated at a higher rate, typically 1.5 times the regular hourly rate.
Salaried Employees: Divide the annual salary by the number of pay periods in the year. For example, if the annual salary is $60,000 and there are 12 pay periods, the gross pay per period is $5,000.
Commission-Based Employees: Add the base salary (if any) to the commissions earned during the pay period.

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