Do I include Housing Allowance in Hourly Rate Calculation of Unpaid PTO Hours

Our pastor is leaving. He has unpaid PTO days. The compensation package comprises two elements: a salary amount and a housing allowance amount.


When I calculate the hourly pay rate for unpaid PTO hours, do I use the entire compensation package or only the salary amount?

Thanks. Love your site.

Answer

I contacted a CPA regarding your question...this was his reply:

"I believe you use the established compensation package to allocate between Housing and regular salary. He earned the money under that arrangement, so the allocation is still valid."

Thank you, Greg!

Hope this helps,



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