Calculation of Pay Rate
5 U.S.C. ยง 5318 denotes that starting at the beginning of the first pay period for any position under the Executive Schedule, the amount of pay will be adjusted and rounded to the nearest multiple of US$100. If this amount is found to midway between multiples of $100, then it will be rounded to the next highest multiple of $100.
Read more about this topic: Executive Schedule
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