We are not a law firm. Do not consider our information as legal advice. This information has been summarized based on our legal inquiries. Information can become obsolete from one day to another due to changes in laws, regulations, or government procedures. Consult labor and tax attorneys for legal advice. (Note from HR Mexico staff)
How to Calculate the Daily Pay Rate in Mexico
How to Calculate the Daily Pay Rate in Mexico. Franklin and Marisol discuss the calculation based on weekly, biweekly, semi-monthly, and monthly payroll in Mexico. What is the daily pay rate used for in Mexico?
- Annual Salary divided by number of pay periods = Salary per pay period
- Salary per pay period divided by number of days in period = Daily pay rate (See example below the video explanation.)
- $60,000 USD Gross per year / 24 periods (Semi-monthly pay) = $2,500 USD per pay period
- $2,500 USD per period / 15 days (Semi-monthy pay) = $166.67 USD daily pay rate in Mexico