Summer Pay Calculation
| ENTER THE FACULTY'S ABA (ANNUALIZED BASE AMOUNT) | 57,777.78 | ABA |
| 24 PAY PERIODS IN A YEAR | 24 | |
| ENTER THE NUMBER OF PAY PERIODS TO ALLOCATE THE DOLLARS OVER | 3 | PAY PERIODS |
| ABA DIVIDED BY 24 TIMES PAY PERIODS = AMOUNT EMPLOYEE COULD EARN AT FULL 1.00 EFFORT | 7,222.22 | Given this ABA this is the most a faculty can earn at 100% effort. |
| THIS IS THE AMOUNT OF FUNDING THAT WILL RESULT FROM THE FACULTY'S EFFORT PER THE FTE THAT IS ENTERED IN YELLOW BELOW | 722.22 | 2500 | 3.46 | 40 | TOTAL HRS |
| ENTER THE EFFORT PERCENTAGE OR THE FTE THAT WILL BE COMMITTED BY THE FACULTY TO THIS SUMMER WORK | 0.10 | FTE or the EFFORT committed for this pay | ---> | 0.10 | |
| 4.00 | HOURS | ||||
| ABA | 57,777.78 | |
| THE CALCULATED COMP RATE (ABA TIMES FTE) | 5,777.78 | COMP RATE |
| 24 PAY PERIODS IN A YEAR | 24 | |
| CALCULATED COMP RATE DIVIDED BY 24 | 240.74 | |
| SAME AS "THE NUMBER OF PAY PERIODS" ABOVE | 3 | PAY PERIODS |
| CROSS CHECK TO AMOUNT YOU EXPECT TO PAY | 722.22 |