I am a salaried (exempt) employee. How is the hourly rate calculated for the time off on my payslip?

Paid and unpaid time off will both be calculated based on working hours in a given month (this can result in different rates for different months.)  For an exempt employee, the hourly rate calculation is based on FTE and the number of weekdays in the month when the time off was taken.  

The total unpaid time off amount is reduced from salary pay.