Question

how do I calculate the Dwight's annual salary

Answer 1

As per your question, there is no enough data mentioned as to the breakup of amount receivable for Mr Dwight.

I am mentioning here the normal inclusions in calculation of annual salary:

f you make an hourly wage and you'd like a more exact number for your annual salary, you first need to figure out how many hours a week you work. Make sure that you only count the number of hours that you are on the clock; don't count lunch breaks or any other time when you clock out. If you work 40 hours a week, but clock out for a half an hour lunch a day, you only get paid for 37.5 hours per week. Multiply the number of hours you work per week by your hourly wage. Multiply that number by 52 (the number of weeks in a year). If you make $20 an hour and work 37.5 hours per week, your annual salary is $20 x 37.5 x 52, or $39,000.

If you get a commission for sales on top of a base salary, this can be more difficult to calculate. Commission tends to differ from month-to-month. The best way to calculate your salary with commission is after the fact. You will have to add up your commission for each month of the year, and add that to your base income to determine your annual salary.

Another aspect to keep in mind when determining income is the value of your benefits, particularly when deciding whether to accept a new job. The two most common benefits are health insurance and retirement plans. It may be better to accept a lower salary if your employer is willing to cover 100 percent of your health premiums. Determine the amount that you will have to pay for your premiums and subtract that from your annual salary to figure how much you'll actually be bringing home.

Retirement plans are another way to increase your income. If a company is willing to match your annual contribution, add that amount to your salary, since you are gaining that amount of money in addition to your salary.

If your company is paying for additional things such as cell phone use, a company car, or a computer, figure out the value of those items and add that amount to your salary, as well, since those are costs that you are no longer paying. You may find out that you are making more money than you originally thought.