GC 11-08 Attachment Daily Compound interest

2/4/2011 Year Qtr Week Gross Backpay Quarterly Interim Earnings Net Backpay Interim Expenses PP gross / Qtr gross Proportional Interim PP Net Backpay Medical Expenses Total PP Backpay Net Backpay + Expenses 2003 2 1 1,000 10.0% 400 600 600 2003 2 2 200 2.0% 80 120 120 2003 2 3 300 3.0% 120 180 180 2003 2 4 400 4.0% 160 240 240 2003 2 5 500 5.0% 200 300 300 2003 2 6 600 6.0% 240 360 360 2003 2 7 700 7.0% 280 420 420 2003 2 8 900 9.0% 360 540 540 2003 2 9 900 9.0% 360 540 540 2003 2 10 1,100 100 11.0% 440 660 760 2003 2 11 1,100 11.0% 440 660 200 860 2003 2 12 1,100 11.0% 440 660 660 2003 2 13 1,200 12.0% 480 720 720 2003 2 Total 10,000 4,000 6,000 100 100.0% 4,000 6,000 200 6,300 3,416 9,716 10% of Quarterly gross was earned in Pay Period 1 ($1,000 / $10,000 = 10%), so 10% of Quarterly interim earnings was allocated to that Pay Period ($4,000 x 10% = $400) Note: Calculations in the shaded areas are done automatically by the Excel backpay program. Case Name: Case Number: Claimant: ABC, Inc 23-CA-12345 Backpay period: 4/1/2003 to 6/30/2003 Daily Compound Interest Total Backpay, Expenses and Interest Example of proportional allocation of interim: Interest calculated to: