Compute the estimated yearly earnings by using the posted wages for each quarter before
the maximum is attained and, for the quarter in which the maximum is reached and any
succeeding quarters in the year, deem wages to be equal to the highest quarterly posting
in that calendar year.
Example:
For a year with a $15,300 limit, posted wages are:
1st quarter
|
$ 5,200
|
2nd quarter
|
5,300
|
3rd quarter
|
4,800
|
4th quarter
|
0
|
Total
|
$15,300
|
The maximum was reached in the third quarter. Therefore, wages of $5,300, the highest
quarter posting for the year, are deemed in both the third and fourth quarters. The
estimated earnings are:
1st quarter
|
$ 5,200
|
2nd quarter
|
5,300
|
3rd quarter
|
5,300
|
4th quarter
|
5,300
|
Total
|
$21,100
|