A company figures their annual salaries based on budgeted amounts that are usually handed down from corporate. Most companies have set salaries and salary levels, at least to begin with.
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Divide it by 52.
ANNUAL
with a calculator. (multiply weekly times 52)
Take the annual salaray and divide by 52. Take that result and divide it again by 40. Alternatively you can divide by the number of working hours in a year, which is 2080.
29,913 6% of 2500 is 150