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 to Discovering People. For example, if a full-time employee makes ... More » Business & Finance Careers Salaries

Calculating a pro rata share simply means dividing a whole into parts according to ownership or use, according to the Legal Information Institute. For example, if Ms. A and Mr. S own 60 and 40 percent of a company, respe... More » Business & Finance Financial Calculations

The formula for computing pro rata coverage is a tool insurance companies use to determine equitable coverage rates. It can also be used to work out equitable payments when more than one insurer provides coverage. More » Science Chemistry Chemical Equations
similar articles

The yearly salary for a neuroscientist can vary widely, ranging anywhere from $50,000 to nearly $200,000 per year, depending on level of experience and the field of employment. Individuals with a doctorate in neuroscienc... More » Business & Finance Careers Salaries

Employee holiday pay entitlements refer to the federal laws requiring employers to offer a minimum period of paid leave each year, with some exceptions depending on the nature of the employment contract. The term also co... More » Business & Finance Business Resources HR

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 ful... More » Business & Finance Careers Salaries

The Ontario Employment Standards Act requires that employers compute severance pay as a terminated employee's regular weekly wage multiplied by the sum of the employee's number of years of employment, with any partial ye... More » Business & Finance Careers Salaries