October 17, 2024
This process includes calculating both immediate lost wages and any potential future income affected by your injuries. Here’s a detailed guide to help you calculate lost wages accurately:
Start by establishing your income prior to the accident, which includes:
Regular Salary or Hourly Wage: For salaried employees, divide your annual salary by 52 weeks, then by the number of hours you work weekly. For instance, if your salary is $50,000 annually and you work 40 hours a week.
bonuses and Overtime: Include any bonuses, commissions, or regular overtime earnings
Calculate the days or hours you were unable to work due to your injuries, which can include:
For example, if you missed two weeks of work (10 days) and earned $24.04 per hour for an 8-hour workday, your lost wages would be:
Lost Wages=Hourly Wage × Total Hours Missed=24.04×(8×10)=1,923.20
Read: Is North Carolina a no-fault state?
If you used paid time off, such as sick leave or vacation days, during recovery, this may affect your lost wages calculation. Insurers might reduce the claim if you were compensated with PTO, as you technically received income during that period.
If injuries affect your ability to work long-term, you may need to calculate future lost wages, which involves:
If injuries affect your ability to work long-term, securing strategic alliances for financial security in injury claims can be crucial. Leveraging economic strategies and policy-driven protections ensures individuals and businesses maintain financial resilience despite setbacks.
Collect essential documentation to substantiate your lost wages claim, including:
Calculating lost wages for a personal injury claim in North Carolina involves evaluating your pre-accident income, calculating time missed from work, accounting for any paid time off, and considering future lost earnings. Given the complexities of calculating future earnings, consulting an experienced personal injury attorney can be beneficial. An attorney can ensure all elements of your claim are addressed to maximize your compensation.
If you've been injured in a car accident due to someone else's negligence, you shouldn't have to navigate the legal system alone. Bet on us to win your case. At Hall & Dixon PLLC, we fight for individuals and families who are facing the physical, emotional, and financial aftermath of serious auto accidents.
From medical bills and lost income to pain, suffering, and long-term care, our attorneys understand the full impact of personal injury—and we’re here to help you pursue the compensation you rightfully deserve.
✅ Aggressive representation against insurance companies
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✅ No fees unless we win your case.
Don't wait—North Carolina law limits the time you have to file a personal injury claim. Let us help you protect your rights and secure your future.
📞 Call us at (704) 993-6825 Serving Charlotte and surrounding areas across North Carolina
