How to Calculate Salary From Hourly Wage That Is Paid Twice a Month. The pay of some workers is based on the number of hours worked, while others receive their pay based on an annual salary.

Here’s a look at how to calculate your paycheck, so you’ll understand how your hourly rate or annual salary translates into the sum you see in your bank account each pay period.

Hourly Wage Calculation from a Semimonthly Pay Period Employees on salary who receive semimonthly paychecks get 24 paychecks each year.

If you're currently salaried and working over 40 hours a week, here's how to find out what your hourly wage would be.