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:
- A 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
- Weekly Salary = (Monthly Basic Salary * 12) / 52 weeks
- 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