Pay problem
onwards
Registered Posts: 23
Hello everyone hopefully I can get a little help on the following problem
a friend of mine is asking what he should get in his last week of pay - holiday pay wise
The info I have is he has been paid the following gross
week 1 42 hours x £8 = £836
week 2 36 x £8 = £288
week 3 41 x £8 = £328
week 4 34 x £8 = £272
totals = 153 hours = £888
he is owed 2 days holiday (but what we get for these 2 days)
my guessing is it would be the average so:
153 hours / 4 weeks = 38.25 hours
38.25 hours / by working work (5days) = 7.65
2 days = 15.30 * £8 per hour = £122.40 ??
any help would be great
cheers
onwards
a friend of mine is asking what he should get in his last week of pay - holiday pay wise
The info I have is he has been paid the following gross
week 1 42 hours x £8 = £836
week 2 36 x £8 = £288
week 3 41 x £8 = £328
week 4 34 x £8 = £272
totals = 153 hours = £888
he is owed 2 days holiday (but what we get for these 2 days)
my guessing is it would be the average so:
153 hours / 4 weeks = 38.25 hours
38.25 hours / by working work (5days) = 7.65
2 days = 15.30 * £8 per hour = £122.40 ??
any help would be great
cheers
onwards
0
Comments
-
It depends on the contract I guess.
https://www.gov.uk/calculate-your-holiday-entitlement1 -
Many thanks
0 -
Hi there,
In order to calculate the holiday pay, looking at the weekly working hours there is no fixed hours it changes each week, you would need to collect the total hours of the past 12 weeks that they have worked so how you got 153 hours for the last 4 weeks, you need to gather the data for 8 more week on top, then divide by 12 that should give the average weekly hours from there. Then in order to work out the daily hours worked divide by the working days (5 days) then multiply by 2 in order to give you the 2 holidays taken off then to work the pay multiply it by £8 as that seems to be a fixed hourly rate.
Hope this helps you out
Many thanks
Kind regards
Shamil0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 322 NEW! Qualifications 2022
- 159 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 93 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 273 VAT
- 92 Software
- 274 Tax
- 138 Bookkeeping
- 7.2K General accounting discussion
- 201 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 582 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership