Enter your daily wage and the number of leave days into the calculator to determine your leave pay. This calculator helps you to estimate the amount you will be paid for the days you are on leave from work.
Leave Pay Formula
The following formula is used to calculate the leave pay.
LP = DW * LD
Variables:
- LP is the leave pay ($)
- DW is the daily wage ($)
- LD is the number of leave days
To calculate the leave pay, multiply your daily wage by the number of leave days you are planning to take or have taken.
What is Leave Pay?
Leave pay is the compensation that employees receive when they are on authorized leave from work. This includes various types of leave such as vacation, sick, and personal days. The amount of leave pay an employee receives is typically based on their regular earnings and the number of days they are on leave.
How to Calculate Leave Pay?
The following steps outline how to calculate the Leave Pay.
- First, determine your daily wage (DW) in dollars.
- Next, determine the number of leave days (LD) you are planning to take or have taken.
- Next, gather the formula from above = LP = DW * LD.
- Finally, calculate the Leave Pay (LP) in dollars.
- After inserting the variables and calculating the result, check your answer with the calculator above.
Example Problem :
Use the following variables as an example problem to test your knowledge.
Daily Wage (DW) = $150
Number of Leave Days (LD) = 5