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Summer Pay Calculation
| ABA (Annualized Base Amount) |
24,000.00 |
ABA |
| 24 Pay Periods in a Year |
24 |
|
| The Number of Pay Periods to Allocate the Dollars Over |
3 |
Pay Periods |
| ABA Divided by 24 Times Pay Periods=Amount Employee Could Earn |
3,000.00 |
Could Earn |
| The Amount You Want to Pay |
2,100.00 |
Want to Pay |
40 |
Total Hrs |
The Calculated FTE for Summer Pay
(amount you want to pay divided by amount employee could earn) |
0.70 |
FTE=====> |
0.70 |
|
| |
|
|
28.00 |
Hrs for Reduced FTE |
| ABA |
24,000.00 |
|
| The Calculated Comp Rate (ABA Times FTE) |
16,8000.00 |
Comp Rate |
| 24 Pay Periods in a Year |
24 |
|
| Calculated Comp Rate Divided by 24 |
700.00 |
|
| Same as "The Number of Pay Periods" Above |
3 |
Pay Periods |
| Cross Check to Amount You Want to Pay |
2,100.00 |
|
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