Enter the yearly wage ($) and the number of pay periods into the Calculator. The calculator will evaluate the Exempt Salary. 

Exempt Salary Formula

ES = YW / PP

Variables:

  • ES is the Exempt Salary ($/period)
  • YW is the yearly wage ($)
  • PP is the number of pay periods

To calculate the Exempt Salary, divide the yearly wage by the number of exempt pay periods.

How to Calculate Exempt Salary?

The following steps outline how to calculate the Exempt Salary.

  1. First, determine the yearly wage ($). 
  2. Next, determine the number of pay periods. 
  3. Next, gather the formula from above = ES = YW / PP.
  4. Finally, calculate the Exempt Salary.
  5. After inserting the variables and calculating the result, check your answer with the calculator above.

Example Problem : 

Use the following variables as an example problem to test your knowledge.

yearly wage ($) = 40000

number of pay periods = 52