How to Calculate Lost Time
In any personal injury case, you can recover wages for lost time. Calculating lost time poses a straightforward question to an injury client. If you also need to calculate lost future earnings, you can do so in a few simple steps. Some jurisdictions will not consider future lost time, so you may avoid this step entirely, depending on your case. The process for calculating real lost time can be completed easily in any jurisdiction.
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Instructions
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Determine your daily wage. If you are paid by the hour, multiply your hourly wage by the number of hours you work per day. If you receive an annual salary, find your daily wage by dividing your annual wage by the number of days you work each year.
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Figure out your lost time. Calculate how many days of work you had to miss due to your injury. Only include the days you missed as a direct result of your injury.
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Multiply your daily wage by the number of days you were unable to work. This represents the amount of wages you lost due to your injury.
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Calculate future earnings. Future earnings calculus involves a bit of legal leeway. You need to take into account the amount of wages the person currently earns and project any future earnings they will lose. You can include factors such as raises based upon experience and inflation. For example, a person who currently makes $30,000 per year could potentially end up making $75,000 per year ten years from now. No standard formula exists for this calculus, so you need to provide a rationale for your future earnings calculus in order to get a judge or jury to accept it.
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