Tom gets 4 weeks paid vacation on his job. His salary is $210,000.00 a year. he only works 7 months. how much vacation pay does he receive?

Question

Tom's salary is 210,000.00 a year. He receives 4 weeks vacation pay a year. He terminates employment in 7 months. How much vacation pay does Tom receive?

Answer 1

First, you have to check his contract -- he may not be able to receive compensation for vacation time not taken . . . which is a standard in the first year of many contracts....

 

If he does, and if the paid vacation begins to accumulate from Day One, then the simple answer would be to divide $210K by 52 to find out that Tom is paid $4,038.46 per week.  Then, multiply 4 weeks (his annual vacation time) by 7/12th since he worked 7 of the 12 months, and that gives you $9,423.08.

 

Be prepared for HR to pare that back a bit since there are 52 weeks plus one day in a regular year, plus two days in a leap year....