Mid Year Contract Change No Retro

Owned by Lori Miller
Aug 10, 2022
1 min read

Mid Year Contract Change No Retro-no further calculations are necessary

-New Compensation Pays in Contract equals Old Compensation Pays in Contract minus Old Compensation Pays Paid

-Amount to be Earned equals ((Old Compensation Contract Work Days minus Old Compensation Contract Days Worked) times New Compensation Daily Rate)

-New Compensation Amount Earned equals Old Compensation Accrued Wages

-New Compensation Contract Obligation equals Amount to be Earned plus Old Compensation Accrued Wages