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Size of retro check
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<blockquote data-quote="30yearstolife" data-source="post: 1313924"><p><span style="font-size: 18px"></span></p><p><span style="font-size: 18px"></span></p><p><span style="font-size: 18px">Thanks to you, upschuck and brownslave for confirming the validity of the equation.</span></p><p><span style="font-size: 18px">I will phrase the equation another way to make it seem more intuitively palatable...</span></p><p><span style="font-size: 18px"></span></p><p><span style="font-size: 18px">UPSMAN made $60,000 in combined overtime and straight time pay since August 1 at a base rate of $32.29 per hour.</span></p><p><span style="font-size: 18px">How much combined overtime and straight time pay would he have made at a base rate of $.70 per hour?</span></p><p><span style="font-size: 18px"></span></p><p><span style="font-size: 18px">There is no need to do the tedious work of figuring out exact amount of straight time and overtime worked since this is already reflected in the total earnings and will be reflected in the back pay using a simple formula:</span></p><p><span style="font-size: 18px"><strong><u>$32.29 </u>= <u>$.70</u></strong></span></p><p><span style="font-size: 18px"><strong><u>$60,000</u> = <u>$1,301</u></strong></span></p><p><strong><span style="font-size: 18px"><span style="color: #ff0000"><em>or</em></span></span></strong></p><p><strong></strong></p><p><strong><span style="font-size: 18px"><u>Hourly straight rate </u>******** <u>$.70 rate_________</u></span></strong></p><p><strong><span style="font-size: 18px">Total wages since August 1 ***Retro check amount</span></strong></p><p><strong><span style="font-size: 18px"></span></strong></p><p><strong><span style="font-size: 18px"><span style="color: #ff0000"><em>or</em></span></span></strong></p><p><strong><span style="font-size: 18px"></span></strong></p><p><strong><span style="font-size: 18px">plug in your numbers...</span></strong></p><p><strong><span style="font-size: 18px"></span></strong></p><p><strong><span style="font-size: 18px">TOTAL INCOME AFTER AUGUST <strong>multiplied by </strong>.7<strong> divided by </strong>straight time hourly wage<strong> = Retro check amount</strong></span></strong></p><p><strong><span style="font-size: 18px"></span></strong></p><p><strong><strong><span style="font-size: 18px">Of course the formula would have to be modified if you were in progression, and would not work for pay gained from </span>grievances<span style="font-size: 18px">, workers comp or disability pay.</span></strong></strong></p><p><strong></strong></p></blockquote><p></p>
[QUOTE="30yearstolife, post: 1313924"] [SIZE=5] Thanks to you, upschuck and brownslave for confirming the validity of the equation. I will phrase the equation another way to make it seem more intuitively palatable... UPSMAN made $60,000 in combined overtime and straight time pay since August 1 at a base rate of $32.29 per hour. How much combined overtime and straight time pay would he have made at a base rate of $.70 per hour? There is no need to do the tedious work of figuring out exact amount of straight time and overtime worked since this is already reflected in the total earnings and will be reflected in the back pay using a simple formula: [B][U]$32.29 [/U]= [U]$.70[/U][/B] [B][U]$60,000[/U] = [U]$1,301[/U][/B][/SIZE] [B][SIZE=5][COLOR=#ff0000][I]or[/I][/COLOR][/SIZE] [SIZE=5][U]Hourly straight rate [/U]******** [U]$.70 rate_________[/U] Total wages since August 1 ***Retro check amount [COLOR=#ff0000][I]or[/I][/COLOR] plug in your numbers... TOTAL INCOME AFTER AUGUST [B]multiplied by [/B].7[B] divided by [/B]straight time hourly wage[B] = Retro check amount[/B] [B][/B][/SIZE] [B][SIZE=5]Of course the formula would have to be modified if you were in progression, and would not work for pay gained from [/SIZE]grievances[SIZE=5], workers comp or disability pay.[/SIZE][/B] [/B] [/QUOTE]
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