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Biweekly Tax Modeling

This guide details the process of calculating the biweekly gross pay for employees. For example, Tommy Trojans' monthly salary is $2,737.50. Multiplying this by 12 months gives an annual salary of $32,850. Dividing this by 1,950 hours results in an hourly rate of $16.85. Finally, for a biweekly pay period of 75 hours, the gross biweekly pay calculates to $1,263.75. These steps are crucial for accurate financial planning and tax modeling for employees paid on a biweekly basis.

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Biweekly Tax Modeling

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    1. Biweekly Tax Modeling To calculate the Biweekly Gross Amount Tommy Trojans current monthly pay is $2737.50 and he is a 37.5 per week employee $2737.50 X 12 Months = $32,850 (Annual Rate) $32,850/1950 Hours = $16.85 (Hourly Rate) $16.85 X 75 Hours per Biweekly pay period = $1263.75 (Biweekly Gross Rate)

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