For those who are earning a fixed amount every month, how do you compute for your daily wages?

I follow this formula:

[(monthly salary x 12 months) / 365 days]
 

Whereas, your monthly salary is multiplied by 12 (the total number of months in a year) then the result is divided by 365 (the total number of days in a year; days off considered to be paid).

You, who do you compute yours?