How this number is made
A payout of unused PTO is the hourly rate times the hours the policy will pay. Not every employer pays unused time, and some cap the hours. This page is the gross amount if they do pay every hour you typed.
- If you are salaried, divide the salary by the hours your payroll uses, then type that rate.
- Type only hours the handbook says are payable.
Formula
Payout = hourly rate × unused hours.
Worked example
With the figures already in the form, gross payout is $1,728.00.
Questions
Is unused PTO always paid out?
No. State law and the written policy decide. This page does not know either one.
Is it taxed?
It is generally wages. Tax is not taken out here.