I have to figure out the impact if a daily salary increases. How do you
calculate the difference ex: $100/day to $200/day, what is the impact on
annual increase?

USD 100 per day times the number of working days in the year.

If my comments have helped please hit Yes.

Thanks.



"Felicia Pickett" wrote:

> I have to figure out the impact if a daily salary increases. How do you
> calculate the difference ex: $100/day to $200/day, what is the impact on
> annual increase?

On Apr 5, 1:56*pm, trip_to_tokyo <i...@pierrefondes.com> wrote:
> USD 100 per day times the number of working days in the year.
>
> If my comments have helped please hit Yes.
>
> Thanks.
>
>
>
> "Felicia Pickett" wrote:
> > I have to figure out the impact if a daily salary increases. How do you
> > calculate the difference ex: $100/day to $200/day, what is the impact on
> > annual increase?- Hide quoted text -
>
> - Show quoted text -

Usually I use 261 working days for the year = 52 x 5 +1

If he/she is a contractor or an hourly employee you may want to deduct
holidays and/or time taken off.

If there are benefits involved you wil have to allow for that. Health
insurance is the biggest single item usually. 35% for benefits in the
52,000 per year is about right if the person has family health
insurance, a 401 K, FUTA, SUTS, WC, SS, MC, Vacation, ...
At the very least the employer has FICA at 6.2% for SS and 1.45% for
MC

On 4/5/2010 12:54 PM, Felicia Pickett wrote:
> I have to figure out the impact if a daily salary increases. How do you
> calculate the difference ex: $100/day to $200/day, what is the impact on
> annual increase?

Not trying to be facetious, but the annual salary should double -- the
annual increase is 100% -- in your example.

How you handle this in Excel depends on what you mean by "daily."
Does the worker get paid every day of the year or just workdays?

Bill