What is Average Monthly Wage

For Monthly Rate employees,

• Regarded Months = Regards Days (past 12 months) / 365 (or 366) x 12 (round to 2 decimal place)

• Average Monthly Wage = Regards Wage (past 12 months) / Regarded Months

For Hourly Rate employees, 

The Average Monthly Wage is 18 times the average daily wages over the last 12 month.