how to calculate the average gross weekly wage?
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['Take sum of total gross earnings.', 'Including overtime or bonus pay.', 'For 52 weeks prior to injury date.', 'Divide sum by 52 weeks; if shorter,', 'Divide by number of weeks worked.', 'Multiply average weekly wage by .']
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["One child, you'll pay 12% of your gross weekly income.", "Two children, you'll pay 16% of your gross weekly income.", "Three or more children, you'll pay 19% of your gross weekly income."]
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Start by multiplying the hours worked by each of the pay rates. Add the sums to get total compensation and divide this number by the hours worked to get the regular rate. This is the weighted average. Next, multiply the weighted average by 1.5.
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Based on this, the average salaried person works 2,080 (40 x 52) hours a year. To determine your hourly wage, divide your annual salary by 2,080. If you make $75,000 a year, your hourly wage is $75,000/2080, or $36.06. If you work 37.5 hours a week, divide your annual salary by 1,950 (37.5 x 52).
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The average hourly wage rate measured in the dollars of a given reference base year. Real wage rate in 2002 = = $8.19 $14.76 180.3 x 100 To calculate the real wage rate, we divide the nominal wage rate by the CPI and multiply by 100.
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Vacation pay is calculated based on the gross earnings in the previous year. Employees who are entitled to two weeks of vacation receive 4% of their gross wages as vacation pay and employees with three weeks' vacation receive 6%.
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There are a few things you should have on hand to calculate your take-home pay: The amount of your gross pay. If you earn a fixed salary, this is easy to figure out. Just divide the annual amount by the number of periods each year.
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The typical full-time worker in the United States earns a median of $865 a week, according to data from the Bureau of Labor Statistics. That's equivalent to a yearly salary of $44,980, assuming 52 weeks of paid work a year. Those numbers don't tell the whole story though.
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['12% of your weekly earnings between £183 and £962.', '2% of your weekly earnings above £962.']
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To calculate the hourly rate for a salaried employee, divide the yearly salary by 52. For example, divide an annual salary of $37,440 by 52, which equals a weekly pay amount of $720. When the employee normally works 40 hours per week, divide the weekly pay of $720 by 40 to calculate the hourly rate.
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We determine the divisor (number of best weeks) that corresponds to your regional rate of unemployment (see Table 2). We divide your total earnings for your best weeks by the corresponding divisor in Table 2 below to obtain an average. We then multiply the result by 55% to obtain the amount of your weekly benefits.
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Calculate an employee's labor cost per hour by adding their gross wages to the total cost of related expenses (including annual payroll taxes and annual overhead), then dividing by the number of hours the employee works each year. This will help determine how much an employee costs their employer per hour.
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For employees paid by monthly salary, the employer must pay the employee's regular rate of pay for the time of their vacation. Each week of vacation pay is calculated by dividing their monthly wage by 4.3333 (which is the average number of weeks in a month).
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Once you have a salary, you can convert salary wages to an hourly pay rate. To do so, divide the salary by the average number of working hours per year, which is 2,080.
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The weekly benefit amount is calculated by dividing the sum of the wages earned during the highest quarter of the base period by 26, rounded down to the next lower whole dollar.
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Once you determine gross profit, you can calculate the gross profit rate by dividing gross profit by net sales. For example, say that a company has net sales of $594,000 and cost of goods sold of $300,000. Gross profit is $594,000 minus $300,000, or $294,000. Gross profit rate is $294,000 divided by $594,000, or 0.49.
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["Identify the employee's original hourly rate.", "Find the employee's new hourly rate and subtract the original rate.", 'Find the number of hours worked after the raise took effect.', 'Multiply the number of hours worked by the difference in the hourly pay rate.']