1) Example 1: Paid weekly and work hours vary
The customer reports that their new work hours will vary between 10 and 20 hours per week. Their pay rate is $8.25 per hour and that will not change. To forecast the new pay amounts:
Add the range of hours to get the average weekly hours: (10 + 20) = 30. Divide by 2 = 15 (Expected averaged weekly hours).
Multiply by 2 to get the average hours per pay period. (15 x 2) = 30 (Expected averaged bi-weekly hours).
Multiply by the pay rate to get the new expected bi-weekly pay rate (30 x 8.25) = $247.50