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Rounding my result that converts annual salary into an hourly rate by dividing by 2,080 hours
Our take
To achieve an even final annual salary after converting an initial salary to an hourly rate, divide the annual amount by 52 weeks. The result should be rounded down to the nearest multiple of $0.20 to ensure simplicity and consistency. For instance, if the initial salary is $135,057.17, dividing by 52 yields approximately $2,597.25. Rounding down gives $2,597.20, resulting in a final salary of $135,054.40. This approach maintains clarity while ensuring the final amount does not exceed the original salary.
Updated Ask: Trying to get the Final annual salary to be able an even number after dividing by 52 (weeks). Ok if cents are multiple of 20 (00,.20, .40, .60, .80). Final salary cannot be greater than the Initial Salary.
Ex. 1 Initial Salary is $135,057.17
Divide by 52 = $2,597.2532...
Formula would only use $2,597.20 x 52 (round down to nearest multiple of 0.20 cents) = $135,054.40 Final Salary
Ex. 2 Initial Salary is $184,258.75
Divide by 52 = $3543.4375
Formula would only use $3543.40 x 52 (round down to nearest multiple of 0.20 cents) = $184,256.80 Final Salary
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