Page 19 - Book2E

Monthly Net Pay
Pay Received
Weekly
example
Every 2 Weeks
example
Twice a Month
example
Net Pay Amount Monthly Net per pay period Pay
x 4.334 weeks per month =
$650 x 4.334 weeks per month = $2,817.10
x 26 pay periods ÷12 months = $1,300 x 26 pay periods ÷12 months =
x 2.167 pay periods = $1,300 x 2.167 pay periods =
$2,816.66 $2,817.10
1. Find the Gross Income or Total Earnings. 2. Find the Net Pay or Net Income.
Calculate Your Household Monthly Income
If your paycheck is the same amount every time, it will be easy to determine your Monthly Net Pay. Find the Net Income amount on your pay stub and use it to calculate your Monthly Net Pay. Use the appropriate formula below to determine the amount. Formulas are based on an average of 21.67 working days per month.
Monthly Net Pay (Variable)
Check 1 $344 Check 2 $416 Check 3 $322 Check 4 $398 Total $1480 divided by 4 = $370
Average Net Income Per Paycheck
Establishing a Budget 11