Q: What is my calculated rate and how is it determined?
Rate Calculation:
The calculated rate is updated with each completed cycle based on the payroll information we receive from your employer.
This calculation ensures you have enough funds at the end of your pay period to cover any deductions from your pay.
Factors Affecting Rate:
Deductions can influence your calculated rate. If the amount of deductions increases in a pay cycle, your calculated rate for the following cycle may decrease due to your net wages also experiencing a reduction.
A decrease in working hours or total net pay from the previous pay cycle will additionally lead to a lower calculated rate, as your projected earnings are less.
These elements can lead to fluctuations in your calculated rate. If you have specific questions about your deductions, taxes, or payroll details, we recommend speaking with your payroll department for further clarification.
We hope this information helps you better understand how FlexWage OnDemand Pay works.
For further assistance, please contact FlexWage Support.