Example:
Annual locality rate = $50,000
Computation of hourly rate: $50,000 ÷ 2,087 = 23.957 or $23.96.
Example:
Hourly rate = $23.96
Daily hours = 8
Computation of daily rate: $23.96 * 8 = $191.68
Example:
Hourly rate = $23.96
Biweekly hours = 80
Computation of biweekly rate: $23.96 * 80 = $1,916.80
5 C.F.R. §531.607