Wage Computation Table

March 7, 2018 | Author: cmv mendoza | Category: N/A
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Short Description

Compilation of formulas for computing premium pays...

Description



Regular Day

Wage if worked

Daily Pay + COLA

Did not work No Pay Overtime Rate or OT (Multiplied per hour of Overtime (Daily Pay ÷ 8)*1.25 rendered and Added to Wage for the day) Night Shift Differential (Added (Daily Pay ÷ 8) * 0.1 to the Wage for the Day) Overtime Night Shift Rate (Multiplied per hour of Overtime and only when OT [(Daily Pay ÷ 8)*1.25] work from 10PM to * 0.1 6AM then Added to the Wage for the Day)



Wage if Rest Day worked

(Daily Pay * 1.3) + COLA

Overtime Rate during Rest Day Night Shift Differential during Rest Day(Added to the Wage for the Day)

[(Daily Pay * 1.3) ÷ 8] * 1.3 (Daily Pay * 1.3) ÷ 8) * 0.1

(Daily Pay + COLA) * 2 Daily Pay + COLA

(Daily Pay * 1.3) + COLA No Pay

(Daily Pay * 1.3) + COLA No Pay

Double Holiday (usually Araw ng Kagitingan and Holy Week) (Daily Pay + COLA) * 4 (Daily Pay+COLA) * 2

[(Daily Pay ÷ 8)*2]*1.3

[(Daily Pay ÷ 8)*1.3]*1.3

[(Daily Pay ÷ 8)*1.3]*1.3

[(Daily Pay ÷ 8)*4]*1.3

[(Daily Pay÷ 8)*2]*0.1

[(Daily Pay ÷ 8)*1.3]*0.1

(Daily Pay * 1.3) ÷ 8) * 0.1

[(Daily Pay÷ 8)*4]*0.1

[((Daily Pay ÷ 8)*2)*1.3]*0.1

[[(Daily Pay ÷ 8)*1.3]*1.3]*0.1

[[(Daily Pay ÷ 8)*1.3]*1.3]*0.1

[((Daily Pay ÷ 8)*4)*1.3]*0.1

(Daily Pay * 1.5) + COLA

(Daily Pay * 1.3) + COLA

((Daily Pay ÷ 8)* 1.5)*1.3

[(Daily Pay ÷ 8)*1.3]*1.3

((Daily Pay ÷ 8)* * 1.5) *0.1

[(Daily Pay ÷ 8)*1.3]*0.1

Regular Holiday Pay Special Holiday Pay

[(Daily Pay + COLA) * 2] + [(Daily Pay * 2)*0.3] [((Daily Pay ÷ 8)*2]*1.3)*1.3 [[(Daily Pay ÷ 8)* 2] + [(Daily Pay * 2)]]*0.3]*0.1

Rest Day

[(Daily Pay + COLA) * 4] + [(Daily Pay * 2)*0.3] [((Daily Pay ÷ 8)*4]*1.3)*1.3 [[(Daily Pay ÷ 8)* 4] + [(Daily Pay *4)]]*0.3]*0.1

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