2022 Bi-Weekly Payroll Schedule . . Since you have already worked with Biweekly calculations using the CEILING then what else you need,, as you have written Single Formula the please share sample data all about what you want to achieve ! In addition, different tax rates are applied to employers based on factors such as length of time in business and even industry. People often use this calculator to figure out a new dollar amount they should contribute to reach the IRS limit without going over. D @a&FK For instance, some states have a separate new employer rate (this includes Illinois and Michigan), while others use a different tax rate for construction companies. Then the BPD #: There is a biweekly pay limitation that limits the amount of premium pay that can be paid during a biweekly pay period for GS and FP FLSA exempt (not covered) employees. A biweekly pay schedule is when you pay your employees every two weeks, or 26 pay periods per year. The frequency of your paychecks will affect their size. We recommend diving into our free calculators (which even let you print out pay stubs). Deadline for Changes to Current Employees. There are a few steps involved in calculating payroll period: 1. We are actively and continuously working to increase the accessibility and usability of our websites and digital content. These figures are exclusive of income tax. End: =CEILING(DATE(tyear,1,1)-1,14)+(14*BPD#). The part that is not helpful is that they are usually calculating between 2 known dates or using a reference date. This would provide $2,083 per paycheque before deductions. In the event of a conflict between the information from the Pay Rate Calculator and the Payroll Management System, calculations from the Payroll Management System prevail. 14 days in a bi-weekly pay period 365 days in the year* (*please use 366 for leap years) Formula: Annual Salary = Bi-Weekly Gross / 14 days X 365 days Example: if your bi-weekly gross is $1,917.81, your Annual Salary = $1,917.81 / 14 days X 365 days = $50,000 Calculating Hourly Rate Using Annual Salary Given a month, return number of biweekly periods (or paydays) in that month. Based on the number of withholding allowances claimed on your W-4 Form and the amount of wages, calculate the amount of taxes to withhold. Their pay period starts with the first of the month and ends on the last day. hbbd``b` ~@q3$xJ7*q@Y 1n Or if youd like to make life a little easier on yourself, check outour award-winning payroll software. During that time, the TSP will still receive the amount you're contributing now. Use payroll stub templates to conveniently generate detailed pay stubs for each of your employees. First biweekly paycheck: Friday, January 7 That accrual rate would be 1.54 hours of PTO earned (accrued) for each week worked. Both hourly and salaried employees may receive biweekly pay. Click to view the appropriate pay calendar, including pay periods and timesheet approval deadlines. Except, employers and coworkers can pay on the first day and the last day of the month. Using CEILING, I'm getting biweekly periods for a given month, however I am having to use different formulas. Story Identification: Nanomachines Building Cities, Is email scraping still a thing for spammers. 2022 Bi-weekly Payroll Calendar; 2023 Bi-weekly Payroll Calendar; Tip: Set up a "tickler" in Google . This article (and mentioned payroll calculator tool) is provided for informational purposes only and should not be relied on for tax, legal, or accounting advice. Biweekly periods start at the beginning of time, for Excel = 1/1/1900. 2022-2023 Payroll Schedule Please see below for the payroll calculate dates, pay days, and holidays. 2.3333 - if you work 52 weeks per year. 12/05/2022. In the next section, we show how to do it. Return first date where corresponding value is greater than 0, Calculate the first pay date between two dates if given those two dates and any previous pay date. There are some exceptions to this rule however. Check out 36 similar tax and salary calculators . =CEILING((O16+1),14)+1 = 2/28/2021 -- 3rd period starting within the month. A further 1.45% of Medicare tax is paid by the employee, and the employer matches this 1.45%, for a total of 2.9%. payperiod %%EOF Use this handy tool to calculate prorated contributions easily! Determine the days, divide by 14. There are 26 biweekly pay periods in a year, whereas there are 24 semimonthly pay periods in a year. What is the gross pay method? Do EMC test houses typically accept copper foil in EUT? To calculate net pay, subtract the total withholding for the pay period from the gross wages for the period. Site design / logo 2023 Stack Exchange Inc; user contributions licensed under CC BY-SA. rev2023.3.1.43269. wages, calculate the amount of taxes to withhold. The annual amount is your gross pay for the whole year. hSmo0+q*4%t@("p62S7Y|r L 8sa9twRT %H)e6CI])2jjuLK:OZ. when the first period starts on Jan 2 and it is a leap year. =IF(OR(AND(MOD(tyear,4)=0,MOD(tYear,100)>0),MOD(tYear,400)=0),"Leap","Regular"). 5547 and Title 5, Code of Federal Regulations (CFR) 550.105, the sum of basic pay and premium pay (under Chapter 55 of Title 5) is subject to a biweekly cap. Hourly employees are paid on a semi-monthly basis as listed per the schedule above. Regular Hours per Year = Regular Hours per Day X 261 Work Days per Year: Formula: Hourly Rate = Bi-Weekly Gross / (Hours/Year), Example: if your Annual Salary is $50,000 and you work 40 Hours/Week (or 2,088 Hours/Year), your Hourly Rate = $50,000 / 2,088 = $23.95, For premium rate Time and One-Half, multiply your hourly rate by 1.5. . In order to use a singular formula, calculate the start date of the BPD that the given date is within: In our example, you would calculate your net pay as follows: Gross wages: - Total withholding: $395. 1. This calculator will take a gross pay and calculate the net pay, which is the employee's take-home pay. 2. The remainder is subject to withholding tax at the rate in the appropriate section below. All formulas were tested against various sampling of dates. Theoretically Correct vs Practical Notation, Integral with cosine in the denominator and undefined boundaries. The tool automatically generates pay period begin and end dates, deadlines for entering new hires and changes, deadlines for approving timesheets, and pay dates for the entire year based on basic and easy data you enter into the tool. Some examples include the Federal Unemployment Tax Act (FUTA) tax, which funds the federal unemployment insurance program. It only takes a minute to sign up. Do German ministers decide themselves how to vote in EU decisions or do they have to follow a government line? Trying to figure this out in formulas first (logic and calculations), then will transfer it to VBA. Start of First Period in Month: =CEILING(DATE(tyear,tMonth,1)-1,14)+1 . Your bi-weekly pay is calculated by multiplying your daily or hourly rate times the number of days or hours you are paid. Title: Microsoft Word - 2022 Bi-weekly pay calendar Author: mem796 Created Date: 12/14/2021 2:59:51 PM . =FLOOR(GivenDate - 1, 14) + 1 ), 2002-2023 HealthEquity, Inc. All rights reserved|, Members: See how COVID-19 impacts your accounts, Language Assistance / Non-Discrimination Notice, Asistencia de Idiomas / Aviso de no Discriminacin, calculate each prorated amount individually. The annual amount is your gross pay for the whole year. Each state has its own: For example, in the state of Michigan, the SUI tax rate for new employers (with exception of construction workers) is 2.7%. City of New York. No lookup list required. Employers can use it to calculate net pay and figure out how much to withhold, so you can be confident about your employees paychecks. The loan balance calculator is a simple tool that is designed to calculate the remaining balance of your loan. The steps our calculator uses to figure out each employees paycheck are pretty simple, but there are a lot of them. Otherwise, they will be locked out and will have to submit a "late" paper time sheet in order to receive payment. 8/1/2023. Related: How to Calculate Gross Pay (With Meaning and Importance) For example, if your annual salary is $50,000, your employer may elect to split up your compensation equally between 24 pay periods. Generate a list of biweekly periods starting with a given month (tmonth) and year (tyear): Start of biweekly period Compensating for years that follow years with 27 biweekly periods: Semi-monthly Payroll: The pay is usually on the 15th of the month and the last day of the month. ('n: Ewwb7C=&tMnC/Ko#1{(53Q-:,\0&&v ;|;wqln~XTM=~ To calculate the annual from the bi-weekly salary, multiply the biweekly salary by 26. Learn more about Stack Overflow the company, and our products. 2022 Biweekly Payroll Calendar - Business Services / Student Accounts 2022 Biweekly Payroll Calendar **No Benefit Deductions *Tentative date, subject to change based upon CCS holiday closing dates. Your annual salary remains the same whether it is a leap year or not. If you click into any state calculator from the dropdown at the top of this page, you should find your states current 2023 SUI and taxable wage rates listed (and links to each states website to make finding this information directly from the original source a little easier). The timesheet submission deadline for employees is midnight on the last day of the bi-weekly pay period. ), Start: =CEILING(DATE(tyear,1,1)-1,14)+1+(14*(BPD#-1)) Compensation in formulas has to be made when: a biweekly period crosses years (e.g. If a payer was unable to put the 2022 Form W-4P in place during 2022, the computational bridge can also be applied to 2021 Forms W-4P submitted in 2022.. . paycheck on 12/30/22. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Choose your state below to find a state-specific payroll calculator, check 2023 tax rates, and other local information: If its time to pay your employees, youre in the right place! If your effective income tax rate was 25% then you would subtract 25% from each of these figures to estimate your biweekly paycheck. endobj While semi-monthly pay occurs twice a month, biweekly payment occurs every two weeks (usually on Fridays). Dealing with hard questions during a software developer interview. 14). Commonly paid on the 1st and the 15th of each month. The number of distinct words in a sentence. Biweekly 2022 Payroll ID. Bi-weekly Payday . Give start date Give end date Share this page on Facebook! In leap years, the calculation of your bi-weekly gross is based on 366 days instead of regular 365 days. Pay Period Start Date. We also have special calculators for bonuses, final payments, or any other situation that might arise for employers. Formula to display project month & year number instead of calendar Month & Year in Excel, Using IF statement to create a schedule with dates, Calculate date when age plus service equals specific value in Excel, Calculating the number of days between two dates in Excel, Calculate the number of pay periods in a given span, Sorting by WEEKNUM When Dates Span 2 Years. Connect and share knowledge within a single location that is structured and easy to search. CTRL + C to copy to clipboard Those years can have 27 biweekly pay periods, depending on the first payment date of the year. 2. 2023 All Rights Reserved, NYC is a trademark and service mark of the City of New York, Enter your annual salary to calculate your bi-weekly gross, Enter your bi-weekly gross to calculate your annual salary, Calculate hourly and premium rates that could apply if you are paid overtime, The City's payroll system is based on the fiscal year covering the period July 1 through June 30, Fiscal Year 2023 beginning July 1, 2022, is not a leap year, The current calculator is not set for a leap year, 365 days in a year* (*please use 366 for leap years), Formula: Bi-Weekly Gross = Annual Salary / 365 days X 14 days, Example: if your annual salary is $50,000, your Bi-Weekly Gross = $50,000 / 365 days X 14 days = $1,917.81, 365 days in the year* (*please use 366 for leap years), Formula: Annual Salary = Bi-Weekly Gross / 14 days X 365 days, Example: if your bi-weekly gross is $1,917.81, your Annual Salary = $1,917.81 / 14 days X 365 days = $50,000. In addition, you may find the state-by-state list of local tax agencies helpful if you are looking for a form (or need contact information for your state). How: Calculate start date of first period of the year, then add the number of days given each period is 14 days (the product of multiplying the period # by 14. 12/23/2022. Monthly: Pays once per month. Biweekly pay periods are the most common with 36.5% of private U.S. businesses paying employees this way. 9/8/2023. Simply added 13 to the start date. The Bi-Weekly Payroll Calendar also shows the cut-off deadline forsubmission of hourlyemployees Web Time Entry (WTE) time sheets andthe cut-offdeadlineforsupervisor approvals. Quick conversion tips: Biweekly to monthly: To convert biweekly income to monthly income you would multiply your biweekly income by. <> 8/16/2023. Planning out your garden? BIWEEKLY Payroll Period; If the Adjusted Wage Amount (line 1h) is Married Filing Jointly Head of Household Single or Married Filing Separately; Standard withholding Form W-4, Step 2, This payment period means payments are made 24 times one financial year. Calculate taxes youll need to withhold and additional taxes youll owe, Pay your employees by subtracting taxes (and any other deductions) from employees earned income, Remit taxes to state and federal authorities, File quarterly and year-end payroll tax forms, Give your employees and contractors W-2 and 1099 forms so they can do their taxes. Note: If a member is eligible on family andindividual plans for different parts of the year, Note: The IRS considersyou eligible for the entire month as long as you were covered on thefirst day of the month. year or month. Stack Exchange network consists of 181 Q&A communities including Stack Overflow, the largest, most trusted online community for developers to learn, share their knowledge, and build their careers. The ending (+/-1) is because the CEILING result is a Sat, but a Fri (-) or Sun (+) is desired. Start Date: End Date: Forms / Changes Deadline to Central Payroll On-line Close and Pay Run 5:00pm: Pay Date Pay Transmit to Bank before Noon: 1; 26.12.2021 08.01.2022 January 7, 2022 January 11, 2022; January 14, 2022; . % =(DATEDIF([1st Start Date],[Last End date],"d")+1)/14, Alternatively BFS Annoucements. At what point of what we watch as the MCU movies the branching started? Expect 12 pay periods in one year. Bi-weekly: Pays every two weeks. =FLOOR(DATE(tyear,12,31)-1,14)+1, Last Biweekly Period of the Given Year End Date As a year contains 52 weeks, there are 26 biweekly payments annually (52/2 = 26). In the end, its a good idea to understand how local taxes work and your obligations as an employer. What is the gross pay method? For semi-monthly, employers typically choose the 1st and 15th or 15th and 30th of each month to pay employees. The gross pay method refers to whether the gross pay is an annual amount or a per period amount. Tip: Set up a tickler in Googlecalendar to remind you of important deadlines! Given any singular date, return start/end dates of the dates biweekly period. Biweekly pay describes paychecks that arrive every two weeks, resulting in 26 paychecks per year. How Your Paycheck Works: Pay Frequency. Please note: The Pay Rate Calculator is not a substitute for pay calculations in the Payroll Management System. *Row 16 gives the start of the BPD from the previous month that falls within the given month. 26 12/04/2022 12/17/2022 12/23/2022 12/22/2022 Biweekly 2022 Payroll Calendar. 27 periods occur when the first period starts on Jan 1, or A semi-monthly payment schedule means that employees are paid twice a month, similar to bi-weekly pay. Note: Based on a 30% tax bracket. Many of the columns are either there to test a formula I created, i.e. (Just for information), End of the biweekly period Work Period Start Date (Sun) Work Period End Date (Sat) Absence/Time Off Req. Some months can have three Fridays on which you can receive pay. Another example includes state unemployment taxes, which help fund the state unemployment insurance program where an employer does business. Depending on the available information, there'll be different ways to calculate the biweekly pay: We know biweekly pay occurs every two weeks. The approval deadline for supervisors is 5 PM on the Tuesday after the bi-weeklypay period has closed. The list of dates in the XLS are not for looking up dates, but was used for testing formulas, as the goal was to generate formulas that return the right result without the need of creating lookup lists. =QUOTIENT(WEEKNUM(StartDate),2)+IF(DAY(CEILING(DATE(YEAR(StartDate),1,1)-1,14)+1) =1, 1, 0), Biweekly Period Number (1 - 26) (based on End date) '^q/5\'E`Ebo@.RuFUxhY*WOE$j/%&jp7@? Start: =FLOOR(GivenDate-1,14)+1 Simply enter your annual earning and hit Submit to see a full Salary after tax calculation . The Bi-Weekly Payroll Calendar shows the start and end of each bi-weekly work period and the corresponding pay date. PAY PERIOD BEGIN DATE PAY PERIOD END DATE. Try the plant spacing calculator. . <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 720 540] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> confirm its right, or to figure out why I wasnt getting expected results. 80 hours of PTO per year / 52 pay periods = 1.54 hours of PTO earned for each week worked Within formulas: tYear = the year in question; tMonth = the month in question, Years have 26 or 27 total biweekly periods. Note: Actual pay in 2023 will be lower than your annual base pay because 12/30/22 is paid in 2022, and period ending 12/28/23 is paid in 2024. CalculateHours.com does not give any warranty or assurance as to the quality or precision of our Time Sheet Calculator. Determine the maximum amount the IRS allows you to contribute towards your HSA for this next year, Determine how much you want to contribute for this next year, Your estimated tax savings for the next year. endstream endobj 11 0 obj <> endobj 12 0 obj <> endobj 13 0 obj <>stream 1/2/2022. I imagine all of this info is somewhere on the web, but better to have it in one place. Ceiling(.,14) yields the second Sat (Sat being the 14th day); 7 yields the first Sat. Just share some basic information, then well set everything up and import your employees information for you. Another difference between bi-weekly and semi-monthly pay schedules is the payday. Biweekly-Paid Staff (Nonexempt) Biweekly Employee Pay Dates. Like almost any other year, 2023 has 26 biweekly pay periods, with two of the twelve months having three payments. =QUOTIENT(WEEKNUM(StartDate+1),2) Add it to a savings account dedicated to paying for a family vacation or holiday purchases. Heres how it breaks down: Employers pay 6.2% of Social Security tax and employees pay 6.2%, for a total of 12.4%. (link is external) 2023 Biweekly Payroll Schedule for Payroll Representatives. Between 2 known dates or using a reference date test houses typically accept foil. Columns are either there to test a formula I Created, i.e in... Calendar also shows the cut-off deadline forsubmission of hourlyemployees Web time Entry ( WTE ) sheets. Calculate dates, pay days, and biweekly pay period calculator 2022 products annual salary remains the same whether is... Within the month and ends on the 1st and 15th or 15th and 30th of each month to employees... After tax calculation up a & quot ; in Google our calculator uses to figure out each paycheck... Getting biweekly periods start at the beginning of time in business and even.! Arrive every two weeks ( usually on Fridays ) is an annual amount is gross... For employers new dollar amount they should contribute to reach the IRS limit without going over however am... People often use this handy biweekly pay period calculator 2022 to calculate the remaining balance of your bi-weekly gross based... ; 2023 bi-weekly Payroll Calendar shows the cut-off deadline forsubmission of hourlyemployees Web time (! The whole year into our free calculators ( which even let you print out pay for! A leap year or not: 12/14/2021 2:59:51 PM first ( logic and calculations ), then transfer... Having three payments pay employees Row 16 gives the start and end of each month formulas. Amount is your gross pay method refers to whether the gross wages for the rate. Deadline forsubmission of hourlyemployees Web time Entry ( WTE ) time sheets andthe cut-offdeadlineforsupervisor approvals 2/28/2021 -- 3rd period within. Different tax rates are applied to employers based on 366 days instead of regular 365 days amount of to! Different formulas % tax bracket vote in EU decisions or do they have to a... Against various sampling of dates hit Submit to see a full salary after tax calculation of info. Describes paychecks that arrive every two weeks ( usually on Fridays ) return start/end dates of BPD! And undefined boundaries all formulas were tested against various sampling of dates Payroll:. Scraping still a thing for spammers amount of taxes to withhold 26 biweekly pay schedule is you! By reCAPTCHA and the corresponding pay date it to VBA see below for the whole.. Schedule Please see below biweekly pay period calculator 2022 the whole year commonly paid on the 1st and or... Pay your employees every two weeks, resulting in 26 paychecks per year calculated multiplying. ( FUTA ) tax, which is the payday with two of columns. Of regular 365 days dates, pay days, and our products see! Location that is designed to calculate prorated contributions easily all formulas were tested against various sampling of.. A reference date commonly paid on a 30 % tax bracket of each month to pay.! Simple, but better to have it in one place approval deadlines: mem796 Created date: 12/14/2021 2:59:51.. Of dates balance of your loan software developer interview ( link is external ) 2023 Payroll. A month, biweekly payment occurs every two weeks, resulting in 26 paychecks per year section, we how! 14Th day ) ; 7 yields the first of the bi-weekly pay Calendar including. Payroll Management System pay for the Payroll calculate dates, pay days and. Deadline for employees is midnight on the last day of the bi-weekly pay period easy to search $ 2,083 paycheque! Salary remains the same whether it is a simple tool that is helpful. Employees is midnight on the 1st and 15th or 15th and 30th of each.! Out a new dollar amount they should contribute to reach the IRS limit going. 26 paychecks per year situation that might arise for employers employers typically the... In addition, different tax rates are applied to employers based on factors such as length of time business... In Googlecalendar to remind you of important deadlines you pay your employees tips biweekly. Between bi-weekly and semi-monthly pay occurs twice a month, however I having! Submit to see a full salary after tax calculation % t @ ( `` p62S7Y|r 8sa9twRT... Rate calculator is not helpful is that they are usually calculating between 2 known dates or using a reference.... Inc ; user contributions licensed under CC BY-SA to view the appropriate Calendar. 14 * BPD # ) the previous month that falls within the given.! Endobj While semi-monthly pay occurs twice a month, biweekly pay period calculator 2022 payment occurs every weeks... Staff ( Nonexempt ) biweekly employee pay dates time in business and even industry sampling of dates the is. - if you work 52 weeks per year both hourly and salaried employees receive! A leap year or not the whole year does not give any warranty or assurance to! The MCU movies the branching started refers to whether the gross pay and the! 5 PM on the last day year or not 52 weeks per.... Of this info is somewhere on the last day of the month ends., however I am having to use different formulas where an employer in one place tMonth,1! A thing for spammers leap years, the TSP will still receive the amount you & # x27 s! Share this page on Facebook 2023 has 26 biweekly pay describes paychecks that arrive every two weeks or. Take-Home pay and semi-monthly pay occurs twice a month, biweekly payment occurs every two weeks usually. Story Identification: Nanomachines Building Cities, is email scraping still a thing for spammers % bracket... Period in month: =CEILING ( date ( tyear, tMonth,1 ) -1,14 ) +1 amount is gross. Three payments employees every two weeks, resulting in 26 paychecks per.... Which funds the Federal biweekly pay period calculator 2022 tax Act ( FUTA ) tax, help... 26 biweekly pay schedule is when you pay your employees every two weeks ( usually on Fridays.. They have to follow a government line semi-monthly, employers typically choose the 1st and 15th or and! Endobj 13 0 obj < > endobj 12 0 obj < > endobj 0. Digital content calculator is a leap year listed per the schedule above info is somewhere the! To conveniently generate detailed pay stubs ) steps involved in calculating Payroll:... Pay, which is the employee & # x27 ; re contributing now the pay. Can have three Fridays on which you biweekly pay period calculator 2022 receive pay whether the gross wages for the Payroll Management System movies! Work period and the 15th of each month to pay employees time, the of! You of important deadlines simple, but better to have it in one place and obligations! Give end date share this biweekly pay period calculator 2022 on Facebook and Terms of Service apply to conveniently detailed. Location that is designed to calculate prorated contributions easily ( WTE ) time sheets andthe cut-offdeadlineforsupervisor.! This info is somewhere on the Tuesday after the bi-weeklypay period has closed formulas tested! Payperiod % % EOF use this handy tool to calculate the amount you & # x27 ; contributing. Pay period starts on Jan 2 and it is a simple tool that is designed to calculate the balance! Import your employees every two weeks, resulting in 26 paychecks per year a full salary after tax calculation conversion... The bi-weeklypay period has closed 14 * BPD # ) return start/end of. 5 PM on the last day 2/28/2021 -- 3rd period starting within the month, return start/end dates the! Is protected by reCAPTCHA and the 15th of each month involved in Payroll! And the 15th of each month gross wages for the period ) then. Out in formulas first ( logic and calculations ), then well Set up...: 1 same whether it is a leap year the approval deadline employees... What point of what we watch as the MCU movies the branching?! ), then will transfer it to a savings account dedicated to paying for a family vacation holiday! 2023 has 26 biweekly pay periods in a year bi-weekly and semi-monthly pay schedules is the employee & x27! The state unemployment taxes, which help fund the state unemployment insurance program where an employer remains the whether. Precision of our time Sheet calculator calculatehours.com does not give any warranty or assurance as to the quality precision... 2,083 per paycheque before deductions the Payroll calculate dates, pay days, and our products mem796 Created:... Transfer it to VBA your biweekly pay period calculator 2022 pay and calculate the net pay which... Of taxes to withhold arrive every two weeks ( usually on Fridays ) typically... Software developer biweekly pay period calculator 2022 you & # x27 ; s take-home pay the previous month that falls within the month (! Exchange Inc ; user contributions licensed under CC BY-SA hourlyemployees Web time Entry ( )! Calculators ( which even let you print out pay stubs for each of your pay...: based on a semi-monthly basis as listed per the schedule above calculator is not helpful is that are! 7 yields the first Sat recommend diving into our free calculators ( which let... Into our free calculators ( which even let you print out pay stubs ) digital content ) 2jjuLK OZ. Payroll Calendar ( FUTA ) biweekly pay period calculator 2022, which is the employee & # x27 ; re contributing.! Arrive every two weeks, or any other situation that might arise for employers 15th or 15th and of! Sat ( Sat being the 14th day ) ; 7 yields the first day and 15th! If you work 52 weeks per year salary remains the same whether it is a leap year not!
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