The most common usage of affect is as a verb, meaning to impact. Effect is usually a noun, meaning the result or consequence of something. However, both affect and effect have alternate meanings when used as different parts of speech.
1 Select Employee Center. 2  Double-click on the employee's name. 3  Select the Payroll Info tab. 4  Under the Earnings box in the item name columns, click in a blank area. 5  From the drop-down arrow, select your Salary Item and then enter the employees annual salary.elect Custom Setup and click Next. Select Wage, and click Next. Select Annual Salary, and click Next. Select the type of pay. Vacation Pay and Sick Pay are each specific options. All other types of pay should be entered as Regular Pay. Click Next. Enter a name for the salary item that easily identifies it.
Although most companies provide some vacation or sick time for full time employees, they're not required by law to do so. Pay for vacation and sick time is considered an employee benefit, not a component of an employee's salary.Do not include vacation or sick time or the value of any other employee benefit when you calculate the hourly rate for a salaried employee.ourly Rate Calculation. To convert a full-time salary to an hourly rate, use the standard hours for the job to calculate the hourly wage. For example, to convert an annual salary of $52,000 to an hourly rate for a job that requires 2,080 hours per year, divide 52,000 by 2,080 to arrive at an hourly rate of $25.