Pay periods
Bi-weekly is 26 paychecks per year. Semi-monthly is 24. Monthly is 12. Same annual salary, different per-period amount. The annual numbers come out the same.
Exempt versus non-exempt
Most salaried roles are exempt from FLSA overtime: same pay regardless of hours. Some salaried roles are non-exempt and earn overtime above 40 per week. Eligibility depends on FLSA duties, salary basis and salary level tests. Your offer letter or HR can confirm.
What changes a salaried check during the year
- You updated your W-4 mid-year.
- Open enrollment moved your benefits, 401(k) or HSA elections.
- Year-to-date wages crossed the Social Security wage base. From that point through December, Social Security tax stops, so net rises.
- Annual federal and state tax-table refresh in January.
- You received a bonus and it was withheld at the supplemental rate (22 percent up to $1M, 37 percent above).
Use the calculator
Run the paycheck calculator. Pick annual frequency and enter your salary. Or pick bi-weekly and enter the bi-weekly amount. Either gets you to the same place.