How are hours calculated on the C24 - SVB employee's mutation form for Curacao?
The hours are calculated by divide the hours worked (LC-10) by the number of the weekly workdays per week (employee/salary).
* Monthly payment schedule
* employee was paid on LC-10: 165.33 hours.
* The standard number of weekly workdays is 5.
165.33 hours x 12 months / 52 weeks = 38.1531 hours average per week.
38.1531 hours per week / 5 workdays per week = 7.63 work hours.
For Bi-weekly payment schedule: hours LC-10 x 26 periods / 52 weeks
For half a month payment schedule: hours LC-10 x 24 periods / 52 weeks
For Quarter payment schedule: hours LC-10 x 4 periods / 13 weeks