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52-Week Payroll Option: Everything You Need to Know About Weekly Pay

 

Sprout Payroll will give an option for weekly payroll computation, allowing clients to choose between:

  • 52-week basis of calculation
    • Weekly Salary = (Monthly Basic Salary * 12) / 52 weeks

    • Once Weekly is selected on Periods per Month under Company Set up or;

      The current monthly / 4-week method
    • The computation type
  • Regardless of the selected option, the same weekly tax table available in the system will still be used.

    Note: The weekly tax table presented is based on TRAIN Law as of 2024
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