Absolute Wages Formulas
PAY FRQUENCY When you are multiplying by the borrower’s pay frequency. You must review the Pay frequency column to the left in APPSOLUTE WAGE X WEEKLY=52 WEEKS X BI-WEEKLY=26 X SEMI-MONTHLY =24 X MONTHLY = 12 CURRENT AVERAGE STEP 1. TAKE BASE FIGURE IN THE FIXED INCOME SECTION TO THE LEFT STEP 2. TAKE…
