How To Work Out Pro Rata Day Rate If Jane takes 3 days of unpaid time off during one of her pay cycles here s how you would calculate her prorated paycheck 1 Divide the annual salary by 52 62 400 00 52 1200 00 weekly salary 2 Divide the weekly salary by the number of workdays in the week 1 200 00 5 240 daily rate
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 Step 2 Take note of the number of workdays in a pay period Then get the number of work days employees complete within a pay period or cycle Step 3 Divide the number of days worked by the number of work days in a regular pay cycle Multiply the resulting value by 100 to convert it into a percentage Step 4
How To Work Out Pro Rata Day Rate
How To Work Out Pro Rata Day Rate
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Step by Step Calculation Full Time Annual Salary 60 000 for a role based on a 38 hour week Actual Hours Worked by Alex 19 hours per week Pro Rata Salary Calculation Pro Rata Salary 19 38 60 000 30 000 So Alex s pro rata annual salary is 30 000 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
1 Take the new salary and divide it by 52 to calculate their weekly rate Yasmin s new salary is 40 000 So her weekly rate 40 000 52 is 769 20 2 Divide this weekly rate by the number of days worked Yasmin works 5 days a week So her daily rate 769 20 5 is 153 8 The easiest way to work out pro rate salary is by dividing the total annual salary by the number of full time hours You can then multiply the result by the pro rata hours worked Let s take the example from above 40 000 40 1000 1000 x 30 30 000 You can use the same pro rata calculator method to figure out holiday benefits for
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Pro Rata Pro rata is the term used to describe a proportionate allocation It is a method of assigning an amount to a fraction according to its share of the whole While a pro rata calculation If an employee would receive 25 000 for a 40 hour week then you can easily work out the hourly rate which is 25 000 40 625 Once you ve figured out the hourly rate you should be able to reach the pro rata wage just by multiplying the hourly rate by the number of actual hours the employee will work For example 15 hours x 625
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 Understanding with Examples Prorated Salary Calculation Explored Example 1 If your monthly salary is 6000 and you worked for 15 days out of a 30 day month your prorated salary will be 3000 Example 2 If your monthly salary is 5000 and you worked for 20 days out of a 31 day month your prorated salary will be approximately 3225 81
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How To Work Out Pro Rata Day Rate - 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