The formula to calculate prorated salary is:
\[ \text{Prorated Salary} = \text{Daily Pay Rate} \times \text{Total Days Worked} \]
Where:
The prorated salary calculator helps you determine your salary for a partial month of work. This is useful if you start or leave a job partway through a month, ensuring you are paid accurately for the days you worked.
Imagine you have a monthly salary of $1,500. In a given month with 28 days, there are 8 weekend days, so there are 20 working days. If you worked for 10 days and there was 1 public holiday, your prorated salary would be calculated as follows:
Daily Pay Rate: \(\frac{1500}{20} = 75\)
Total Days Worked: \(10 + 1 = 11\)
Prorated Salary: \(75 \times 11 = 825\)
