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# Payday

## Hourly income example

A pay of \$20/hr with a working week of 38 hours.

#### –– CONVERSION ––

WEEKLY PAY
Hourly pay multiply by the 38 hours
20 x 38 =  \$760.00

ANNUAL PAY
Weekly pay multiply by 52 weeks
\$760 x 52 =  \$39,520.00

MONTHLY PAY
Annual pay divide by 12 months
\$38,520 ÷ 12 =  \$3,293.33

FORTNIGHT PAY
Annual pay divide by 26 weeks
\$39,520 ÷ 26 =  \$1,520.00 ## Annual income example

Annual pay of \$50,000 with a working week of 38 hours.

#### –– CONVERSION ––

MONTHLY PAY
Annual pay divide by 12 months
\$50,000 ÷ 12 =  \$4,166.67

FORTNIGHT PAY
Annual pay divide by 26 weeks
\$50,000 ÷ 26 =  \$1,923.08

WEEKLY PAY
Annual pay divide by 52 weeks
\$50,000 ÷ 52 =  \$961.54

HOURLY PAY
Weekly pay divide by 38 hours
\$961.54 x 38 =  \$25.30 ## Monthly income example

A monthly pay with super of \$6,600 with a working week of 40 hours and a 10% super rate.

#### –– CONVERSION ––

MONTHLY PAY
Monthly pay with super divide 10% super rate
\$6,600 ÷ 1.1 =  \$6,000.00

ANNUAL PAY
Monthly pay multiply by 12 months
\$6,000 x 12 =  \$72,000.00

FORTNIGHT PAY
Annual pay divide by 26 weeks
\$72,000 ÷ 26 =  \$2,769.23

WEEKLY PAY
Annual pay divide by 52 weeks
\$72,000 ÷ 52 =  \$1,384.62

HOURLY PAY
Weekly pay divide by 40 hours
\$1,384.62 ÷ 40 =  \$34.62 