Please enter the percent effort and click calculate. The person months for 3, 9, and 12 months will be displayed simultaneously (rounded to hundredths place).
There are three basic salary (wage) bases: Calendar Year, Academic Year and Summer Term. Here is a month/week/days breakout for each:
|Summer Term (SM)||3 Months||13 Weeks||90 Days|
|Academic Year (AY)||9 Months||39 Weeks||273 Days|
|Calendar Year (CY)||12 Months||52 Weeks||365 Days|
Example 1: A PI on an AY appointment at a salary of $63,000 will have a monthly salary of $7,000 (one-ninth of the AY). 25% of AY effort would equate to 2.25 person months (9x.25=2.25). The budget figure for that effort would be $15,750 (7,000 multiplied by 2.25 AY months).
Example 2: A PI on a CY appointment at a salary of $72,000 will have a monthly salary of $6,000 (one-twelfth of total CY salary). 25% of CY effort would equate to 3 CY months (12x.25=3). The budget figure for that effort would be $18,000 (6,000 multiplied by 3 CY months).