How are hours calculated on the C24 - SVB employee's mutation form for Curacao?

• Modified on: Fri, 10 May, 2019 at 9:19 AM

The hours are calculated by divide the hours worked (LC-10) by the number of the weekly workdays per week (employee/salary).

Example:

* 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