Pro rata is a shortened term for ‘proportional rate’. Pro rata pay is offered to part-time employees and is based on the number of hours they work. This is calculated as a proportion of the amount they would have earned if they were a full-time worker. ...
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"Pro rata" is Latin for "in proportion to." It is commonly used in investing to represent the proportion of a company that is owned or the rate of return over a given period of time. For example, an investor might purchase an investment that promises 10 percent per calendar year. If t...
"Pro-rata" refers to parceling something out proportionally. For example, you might prorate monthly rent payments if you only rent an apartment for part of the month or have your biweekly salary prorated if you start or leave your job in the middle of a pay period. In insurance, pro-rat...
Pro Rata Formula To calculate a pro rata share, you must know the amount you want to calculate the pro rata amount of and the criteria you are using to calculate it. The criteria could any number of things, including ownership shares, days or hours worked during a pay period, or miles ...