In order to calculate the prorated rent amount you must take the total rent due, divide it by the number of days in the month to determine a daily rent amount. You then multiply the daily rent amount by the number of days the tenant will be occupying the property to generate the prorated amount for the partial month.
How do you calculate a prorated amount?
You multiply this amount by the number of days the tenant will occupy the unit. For instance, say a tenant is moving in on the 25th of September and the full rent is $1,200. Calculating by the number of days in a month would look like this: 1200/30 x 5=200. Therefore, $200 would be the prorated rent.
How do you calculate a monthly prorated salary?
Weekly Salary / # of Hours Normally Worked = Hourly Wage. Employee's Hourly Wage X # of Hours Missed = Reduction Amount. Usual Pay Period Amount – Reduction Amount = Prorated Salary.