How is vacation pay calculated for salaried employees who are
paid monthly?
For
each week of vacation, you are to receive wages that are equal to
your monthly salary, divided by 4.333.
For
example:
- If
you are paid $2,000 per month, your weekly wage is: $461.57 ($2,000
divided by 4.333).
- Therefore,
your weekly vacation pay is: $461.57.
- If
you take two weeks of vacation, your vacation pay will be: $923.14.
WARNING:
The contents of these FAQs are intended as general legal information
only.
If
you have a personal problem, please consult a lawyer.
June 2006
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