I really like the Customizable VA Rate Comparison Calculator. This is a great tool. However, it has been my experience that most companies (at least all of the companies I have worked for) use a 26 (52 work weeks) pay periods to calculate annual salary. This calculator uses four weeks times 12 months and this comes up short by four weeks (an entire month of pay).

I'm not sure if this is the correct forum to post this thread or if someone has already addressed the same concern. Or, maybe I am not seeing the big picture. Please let me know your thoughts.

Mary Fifield
ProlificVA :-)

I'm still at my 9-5, which is in banking/lending, which I've done for about 14 years, and we've always calculated income using the method you mentioned.

Not sure if this has been mentioned before, but I'm glad you brought it up!

I've not used it so haven't noticed that. I found a formula years ago that I use and that does take into account the full year. But I'll watch this thread as I am interested in the answer.