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How is base pay calculated?

Updated: 8/21/2019
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7y ago

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Base pay is your hourly rate (gross earnings). It is an amount that the company you work for has established for various tasks performed on site, be it manufacturing, testing or engineering tasks. So you multiply the number of hours worked by your base pay and you get your gross pay, What you take home is Net pay, after all deductions for taxes and insurance plans, and retirement.

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7y ago
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7y ago

In a year, you will work approximately 2080 hours. Multiply your hourly rate times that number for your base, gross, pay.

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