Are you working for free on Leap Year day?

What strange event happens every four years? No, it's not the Presidential race — although "strange" certainly sums up the 2016 race nicely. We are thinking more about Leap Year.

February 29 falls on a Monday this year, making it just another workday for most people. Do you get paid for that extra workday? That depends on your status and the pay policies at your workplace. If you are an hourly employee on the clock, it represents an extra workday and an extra salary for that workday, so your income for the year increases by one day's pay. If you are a salaried employee, things get a bit more interesting.

Typically, salaried employees are paid on an annualized salary basis. Your pay is spread out based on the number of increments in that year.

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