Annual Salary

Formula

[OpenInputValueBlock]

IF ("Salary Basis" == [SalaryBasis.Annual] OR "Salary Basis" == #MISSING)

"Salary Rate" * "FTE";

ELSEIF ("Salary Basis" == [SalaryBasis.Hourly])

IF ("Pay Type" == [PayType.Exempt] OR "Pay Type" == #MISSING)

"Hours per week" * "Salary Rate" * 52;

ELSEIF ("Pay Type" == [PayType.NonExempt])

@MIN("Hours per week", 40) * "Salary Rate" * 52;

ENDIF

ENDIF

[CloseInputValueBlock]

Description

Calculates the annual salary. Considers FTE factor.