What does per annum pro rata mean?

Answer Per annum means every year and pro rata is Latin for proportionally. This phrase generally relates to the allocation of funds. For example, a part-time worker would get paid per annum pro rata base... Read More »

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How to Calculate Pro Rata Pay?

According to, pro rata pay is a Latin term meaning: "Portion of" or "Proportionally." Pro rata pay is often used as a pay scale for part-time employees doing the same job as their full... Read More »