Q:
What is a prorated salary?
A:
Quick Answer
A prorated salary is a payment made to an employee for a portion of hours worked instead of their normal salary for a completed work week. A prorated salary is based on the employee's contracted amount of pay for the full year.
Continue Reading
Credit:
Fuse
Getty Images
Full Answer
In order to calculate a prorated salary for a salaried employee, an hourly rate must be established. An hourly rate is established for a salaried employee by dividing their annual salary by 2,080. Employees work an average of 2,080 hours each year.
Prorated salaries are usually applied when a salaried employee is hired, terminated, or has a change of pay rate in the middle of a pay period.
Learn more about SalariesSources:
Related Questions
-
Q:
How do you calculate "pro rata" salary?
A: A pro rata salary is calculated by dividing someone's annual, full-time salary by any portion of an employment period that is less than a year, according t... Full Answer >Filed Under: -
Q:
How much do cosmetologists make in a week?
A: The average annual salary of a cosmetologist was $27,530 as of May 2013, according to the U.S Bureau of Labor Statistics, which amounts to $529 per week. T... Full Answer >Filed Under: -
Q:
How much do au pairs get paid?
A: The starting salary for live-in au pairs in the United States is $195.75 a week, which is $10,179 a year, states Great AuPair, citing U.S. State Department... Full Answer >Filed Under: -
Q:
How much do NFL practice squad players make?
A: The NFL minimum salary for practice squad players is $6,300 a week for the 2014-15 season, though individual player contracts do vary. A player who spends ... Full Answer >Filed Under:
You May Also Like
-
Q:
What is the average salary of a healthcare administrator?
-
Q:
What is the average pediatric salary as of 2015?
-
Q:
How much do NFL referees make?
-
Q:
What jobs are in high demand and have above average salaries?
-
Q:
How much does a general contractor make a year?
-
Q:
What high salary jobs are available without a degree?
