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!
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