Take your current hourly rate and multiply it by the 2088; the amount available on the pay plan for the current fiscal year. That amount is your Total Gross Salary. Multiply that amount by 1%
(.01) Divide that amount by 26 pay periods. That will be your deduction per pay period.
Link to the formula: http://www.usecf.state.ut.us/onepercent/onepercent.html
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Hats Off and Much Appreciation to the 1% Club!
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