The formula to calculate Leave Pay is:
\[ LP = DW \times LD \]
Where:
Leave pay is the compensation that employees receive when they are on authorized leave from work. This includes various types of leave such as vacation, sick, and personal days. The amount of leave pay an employee receives is typically based on their regular earnings and the number of days they are on leave.
Let's assume the following values:
Using the formula:
\[ LP = 150 \times 10 = 1500 \]
The Leave Pay is $1500.
