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This question is about employer.
What is proration?
Proration is the adjustment of a monetary payment in accordance with a specific time period. Proration is used in many different industries and in many different contexts.
For example, sellers and buyers in the real estate industry use proration to adjust monetary payments for purchases of properties within a specific time frame. Companies can also use proration for assistance in determining tax liabilities, adjusted payments for spaces that are shared, and other business-related financial expenses and obligations.
Yet another context of proration is when accountants working at companies make prorated salary adjustments to make sure staff get their proper compensation for certain time frames they have worked.
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