How Do I Work Out My Hourly Rate Pro Rata Example Calculation of Pro Rata Salary For example a company pays 50 000 per annum pro rata if an employee works full time for 40 hours per week An employee working part time for 25 hours per week will calculate their salary as follows Hourly rate 50 000 40 1250 Pro rata salary 1250 X 25 31 250
Pro Rata Furlough Tax Calculator If you are changing to part time work or are considering a job where the salary is worked out pro rata use the pro rata Salary Calculator to see how your take home pay will be affected You can also enter a percentage of your full salary if your pay is being reduced e g due to furlough Divide your gross monthly salary by the answer found in the third point 1 500 20 75 This is your daily pay rate Multiply the answer found in the previous point by the answer found in the sixth point 75 11 825 This is your prorated salary If you are entitled to overtime pay and need help calculating this amount we created the
How Do I Work Out My Hourly Rate Pro Rata
How Do I Work Out My Hourly Rate Pro Rata
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To find out the hourly rate divide the weekly earnings by the number of hours worked The term pro rata wage often refers to the hourly or weekly equivalent of a pro rata salary offering a more granular view of proportional pay pro rata salary is paid to employees who work less than the full pay period such as less days or Here s how to calculate pro rata using a formula Pro rata distribution pro rata share x quantity of related items You can follow the steps below to use the formula effectively 1 Gather the necessary data When determining the pro rata the formula typically requires you to gather the following three data points
Great then just use our five step pro rata salary calculator to calculate your pro rata pay Divide the annual salary if you worked full time by 52 For example a 24 000 salary split over 52 weeks is 462 per week Then divide that answer by a full time employees number of hours this will give you the hourly rate For calculating holiday entitlement when leaving a job you would take the employee s basic salary e g 25 000 per year work out their daily rate after tax which would be approx 78 98 You would then multiply it by 4 as they have 4 days of annual leave entitlement remaining
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Multiply 0 4 or 40 by the full time salary 30k which gives you 12k iii Using a combination of the weekly wage and hourly pay to work out the pro rata annual salary a Work out the weekly wage if the annual salary is 52 000 divide it by 52 the number of weeks in a year to get the weekly salary in this case 1 000 a week What does pro rata mean The meaning of pro rata or the definition of pro rata according to Cambridge Dictionary is essentially to be paid in proportion of a fixed rate for a larger amount For example you may be paid an annual salary of 25 000 pro rata but you only actually work for part time in which case you ll be paid a proportion of the 25 000 based on how much of the expected
Step 3 Apply the Pro Rata Formula Use the following formula to calculate the pro rata salary Part Time Hours Full Time Hours Full Time Salary As an example the full time annual salary for a position is 30 000 While full time employees work 40 hours per week the part time employee works 20 hours per week To do this divide the pro rata salary by 52 for a weekly amount of 375 Divide by the 20 hours the employee is expected to work for an hourly rate of 18 75 If the employee does work more than
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How Do I Work Out My Hourly Rate Pro Rata - Enter the number of weekly hours that are considered full time Enter the pro rata number of weekly hours or weekly hours worked The pro rata calculator will work out your take home pay pro rata salary Tax Free Allowance Taxable Income National Insurance and Income Tax Get the pro rata salary calculator now