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Full time equivalent worksheet

Paycheck Protection Program (PPP) FTE Calculator

According to general HR standards, an employee working 30-40 hours or more per week is considered a full-time employee. But a part-time employee is the employee who works less than 130 per month or less 30 hours per week Use the full-time equivalent (FTE) employee calculator below to see if your mix of full-time and part-time employees equals between 1-50 full-time equivalent employees. Generally, only businesses with 1-50 FTEs are eligible for SHOP. Learn how FTEs are calculated. Enter the number of full-time employees you hav A full-time equivalent (FTE) calculation is normally used as a way to analyze an industry or to measure an employee headcount for projects, profits, or revenues. It's also incredibly useful for business owners to stay compliant with the Affordable Care Act (ACA) or other laws

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The issue with full time equivalents (FTE), is that we are assuming you need to hire a whole person (can't have a quarter of a person for example). This means that even if you only have 1 job, you will need a full time employee. If a full time employee can handle 30 jobs a month, then when you have 31 jobs you need a whole second person Full-Time Equivalent (FTE) Definition. The full form of FTE is full time equivalent and refers to the total number of full time hours completed by an employee who is either on companies roles on a full time or part time basis or on a contract and such calculation helps in making comparison across business organization If a normal full-time schedule at your company is 40 hours a week, then 40 is the number of hours used to consider if an employee is full time. In that case, it would take two 15-hour a week workers and one 10-hour a week worker to equal one FTE (15 + 15 +10 = 40 hours) The Treasury defines a full-time employee as an employee who works 40 or more hours per week, so FTE is calculated on a scale of 1.0, with 1.0 being the equivalent of 40 hours per week. So, if you have a full-time employee that works 40 hours per week, they would have an FTE of 1.0 (40 hours paid each week / 40 = 1.0) In most cases, full time equivalents measure an employee or student and/or their workload. For example, 1.0 is typically the FTE representation of an individual's full work/school day, while 0.5 would indicate half of the original figure, generally in reference to the workday

What is Full-Time Equivalent (FTE)? - ExcelDataPr

Full-Time Equivalent Worksheet Revised . As a follow-up to the August 28, 2013 Sales Flash, the Affordable Care Act (ACA) determines product eligibility and group size based on a Full-Time Equivalent (FTE) calculation that uses a 30-hour work week and 120-hour work month full-time equivalent (FTE) employees, for borrowers that are unable to return to the same level of business activity prior to February 15, 2020, due to compliance with requirements/guidance between March 1, 2020 and December 31, 2020 by the: •Secretary of Health and Human Services •Director of the Centers for Disease Control and Preventio in 2021, use FTE data between 1/1/2020 to 12/31/20. You may need to estimate the number of anticipated full-time employees and the anticipated part-time hours for the remainder of 2020. 1. For each month during the calendar year, count all full-time employees. 2 Full-Time Equivalent Worksheet to determine your FTE's. A minimum of one FTE per service area, per service category is required. Service Category of Hospice Care Center: Enter the number of licensed beds authorized by Certificate of Need and Construction Review Services The formula to calculate FTES (full -time equivalent student) for MIS reporting is: Tenth-day Enrollment X Credit Equivalent ÷ 15 = FTES The tenth-day enrollment value and credit equivalent value are stored in the quarterly class record. The value of 15 is a constant. The tenth-day enrollment value in the quarterly class record is a calculated.

Full-time Equivalent (FTE) Employee Calculator

A full-time employee is an individual who works an average of at least 30 hours per week. A full-time equivalent employee is determined by adding the hours of part-time employees on a monthly basis and dividing by 120 [IRC Section 4980H(c)(2)(E)] Zeroing in on your full-time equivalent number is an important step to master when running your company. Once you figure out your FTE calculation, you'll feel good knowing that you're keeping your team compliant. Subscribe. Expert advice, right in your inbox What is full-time equivalent (FTE)? According to the full-time equivalent (FTE) definition, a full-time equivalent (also known as a whole time equivalent, or WTE, for short) is a unit of measure based on the total number of hours worked that shows how many full-time equivalent employees a certain company employs within a fiscal year, or needs to employ to carry out a project Group Size FTE Calculation Worksheet for all groups renewing in 2016 . Groups renewing or enrolling at any point in 2016 must use information from between January 1, 2015 to December 31, 2015 for the purpose of full-time equivalent (FTE) calculation. Employers performing th

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Business Math: Calculating Your Average Full-Time

December 31, 2013 for the purpose of Full-Time Equivalent (FTE) calculation. Employers calculating group size according to FTE prior to December 31, 2013 may be required to estimate the number of anticipated full-time employees employed during the entire year and the anticipated part-time hours for the remainder of the year With this quiz and worksheet, you can test what you know about full-time equivalents. Topics include an assumption of full-time equivalent measures and the concept of a headcount A full-time equivalent employee is a combination of employees, each of whom individually is not a full-time employee, but who, in combination, are equivalent to a full-time employee. An employer determines its number of full-time-equivalent employees for a month in the two steps that follow https://tinyurl.com/y96ouefu - In this PPP loan forgiveness - full-time equivalent employee calculation video, I walk through the 2nd part of the PPP loan fo.. FTE Worksheet MRIS 122 - VL1 Riley Boyd 1. One full-time equivalent (FTE) employment is based on the following usual workweek, which is define by the facility. i. 1 FTE = 40 hours per week (480 minutes per day) ii. 40 hours per week x 52 weeks = 2,080 hours per year. Use the table to calculate FTE needs for HIM services for Community Hospital

This staffing plan template calculates workload, FTE (full time equivalent) requirements, and process activity costs. The Cost worksheet tables allow you to modify costs as they change without modifying any cost formulas in the Workload/FTE sheet. Staffing Plan Template 7 hrs X 22 We have specialized staffing plans for insurance and banking FTE (Full-Time Equivalent) Calculations What does Full-Time Equivalent mean? The Full-Time Equivalent, or FTE, represents an employee's scheduled hours divided by the employer's hours for a full-time workweek. For example, with a 40-hour workweek, employees who work 10 hours will be 0.25 FTEs, 20 hours will be 0.5 FTEs, and 40 hours will be 1.0. average number of full-time-equivalent employees (FTEEs) during the Covered Period compared to either the period from February 15, 2019, to June 30, 2019, or the period from January through February 2020. Seasonal employers may compare the average FTEEs employed during the Covered Period to either of these two periods or to an

The FTE is calculated using both your full-time and part-time employee count. The calculation for full-time employees (individuals who work 30 hours per week or more on average) is extremely easy. All full-time employees are counted as 1. So if you have 10 full-time employees working for you, that equates to 10 FTEs Worksheet 2. Full-Time Equivalent Worksheet 1 who were enrolled in health insurance Employees (FTEs) coverage you provided to employees during the tax year under a qualifying arrangement. For details, see 1. Enter the total employee hours of service from Qualifying Arrangement and Health Insurance Coverag

Download Ebit Per Fte Calculator Excel Template Exceldatapro

PAYCHECK PROTECTION PROGRAM (PPP) DOCUMENT WORKSHEET Full-Time Equivalency (FTE) A numerical calculation for determining employee headcount; when requesting Forgiveness, the Borrower may elect to use 1.0 for employees who work 40 hours or more per week and 0.5 for employees who work less than 40 hours per week. The FTE calculatio means that the person is equivalent to a full-time worker, while an FTE of 0.5 signals that the worker is only half-time. Typically a daily FTE is 8 hours and a yearly FTE is 2080 hours (40 hours per week for 52 weeks). General and Administrative (G&A) Expenses: is the cost of activities necessary to th Full-time Equivalent (FTE) FTE is most commonly calculated for students, but it can also be calculated for faculty. Student FTE figures are calculated using students who are registered by the fall freeze date. The data freeze dates are approximately the tenth day of classes for the Winona Campus and during approximately the sixth week of the. An FTE is the hours worked by one employee on a full-time basis. The concept is used to convert the hours worked by several part-time employees into the hours worked by full-time employees. On an annual basis, an FTE is considered to be 2,080 hours, which is calculated as: 8 hours per day x 5 work days per week x 52 weeks per year = 2,080 hours. For the purposes of the employee retention credit, a full-time employee is defined as one that in any calendar month in 2019 worked at least 30 hours per week or 130 hours in a month (this is the monthly equivalent of 30 hours per week) and the definition based on the employer shared responsibility provision in the ACA

Full time equivalent calculations in Excel • AuditExcel

FTE stand for full-time equivalent and it represents the number of working hours that one full-time employee completes during a fixed time period, such as one month or one year. FTE converts workload hours into the number of people required to complete that work, which can help to simplify scheduling Most reports calculate new clients based on the number of full-time equivalent (FTE) doctors. An FTE doctor is one working 40 hours/week for the entire year; time off for vacation, sick days, CE, and holidays is considered work time, but extended leave is not Add your full-time FTE and your part-time FTE to get your total FTE figure. For simplicity, when completing the forgiveness application, the SBA has alternatively allowed you to use 1.0 for any employee that works more than 40 hours a week, and 0.5 for all other employees. You may use either method of calculation, but the method must be. Full-time equivalent, or FTE, is a metric used to determine how many full-time and part-time employees you currently have on staff. Each FTE is equivalent to the number of hours your full-time. Some entities define full-time as 36 hours, some define it as 32 or 30 hours. The key is to be consistent. If you define a full-time employee as one who works 30 hours per week, you may count that employee as a 1, but you must be consistent in doing so between your Covered Period and Reference Period. The maximum FTE value for an employee is 1.

Full Time Equivalent (FTE) - Examples, Calculation

To determine amount of work experience, one must convert part-time experience (time) to its' full time work experience equivalent. 173.33 hours of actual work time equals one month. To calculate the years and months worked, an appointing power should perform two separate calculations, one that factors 52 weeks to equal one year and another. Full-Time Employees: Any employee who works an average of at least 30 hours per week in a given month. Or at least 130 hours of service in a given month. Full-Time Equivalent: The full-time equivalent of part-time employees is the number of hours worked by all your part-time employees in a given month divided by 120 The assessment is paid for every uncovered full-time equivalent employee. To find out how many uncovered full-time equivalent employees an employer has, an employer must do the following: The HC-1 worksheet will walk employers through this calculation, both on the online form and on the paper form. use 520 hours if the job is full time.

What is FTE and How to Calculate [+ Free FTE Calculator

Enter the total employee hours of service from Worksheet 1, column (b) 1. _____ 2. Hours of service per FTE: 2. 2,080: 3. Full-time equivalent employees. Divide line 1 by line 2. If the result isn't a whole number (0, 1, 2, etc.), generally round the result down to the next lowest whole number. For example, round 2.99 down to 2 uncovered full-time equivalent employees an employer has, an employer must do the following: • Divide the total hours worked by all uncovered employees during a quarter by 520. No matter The HC-1 worksheet will walk employers through this calculation, both on the online form and on the paper form PPP Schedule A Worksheet (optional) PPP Borrower Demographic Information Form; All borrowers must submit (1) and (2) to their lender. You need to provide support for payroll and non-payroll costs, and full-time equivalent (FTE) employee counts. The forgiveness applications display an expiration date in the upper-right corner Full-time equivalent of adjusted part-time instructional staff (Line 11 * 1/3) Total full-time equivalent instructional staff (Line 7 + Line 12) Student-to-faculty ratio (Line 4 / Line 13) Student-to-Faculty Ratio Worksheet Less Than Four-Year and Four-Year Institutions Without Graduate Programs Total full-time equivalent students (Line 1 + Line 3

How to Calculate Full Time Employees (FTE) for PPP Loan

Next calculate the full-time equivalent (FTE) occupants based on a standard 8-hour day. Each full-time occupant has a FTE value of 1.0. A part-time occupant has a FTE value based on the hours worked per day divided by 8. ( Here's the formula: Total FTE Occupants = Total Occupant Hours ÷ 8 full time equivalents FTEs are budgetary numbers used to determine the number of individual employees are needed to fully staff the facility without putting it in overtime situation. Today, these numbers are typically calculated by using software programs 561,000 contractor full-time equivalent personnel. 2. In cases where federal civilians or service contractors can perform similar functions, determining whether federal civilians or service contractors are less expensive to employ is a complicated task, particularly for an organization with This video focuses on FTE Full Time Equivalent Employees and how they impact your PPP Loan Forgiveness. We start off by discussing important terms that you n..

Time base is the percentage of full time (see Calculation Examples, Worksheet A and B below). Task 3: Calculate the net increase in qualified employees by subtracting the average monthly FTE number of qualified employees employed between April 1, 2020, and June 30, 2020 , from the average monthly FTE number of qualified employees employed. The Small Business Administration (SBA) defines a Full-Time Equivalent employee [FTE] as an employee who works 40 hours or more, on average, each week. The hours of employees who work less than 40 hours are calculated as proportions of a single FTE employee and aggregated. The calculation of an FTE is explained in more detail below The full-time workload in Sam's organisation is five days a week. If we divide Sam's 3 days by the full-time workload of 5 days, we get 0.6 - this is the full-time equivalent fraction. We then divide Sam's earnings ($30,000) by the full-time equivalent fraction (0.6), giving us a full-time equivalent salary of $50,000

PROJECT BUDGET WORKSHEET Budget worksheet should reflect the total amount of funding needed for the duration of the project. More than one worksheet may be submitted if additional space is needed. Full time equivalent (FTE) typically means 40 hours per week. For example, .5FTE means 20 hours per week. Organization Nam (a) In general. This section sets forth the rules for determining hours of service and status as a full-time employee for purposes of section 4980H. These regulations provide two methods for determining full-time employee status - the monthly measurement method, set forth in paragraph (c) of this section, and the look-back measurement method, set forth in paragraph (d) of this section A full-time equivalent employee is a combination of part-time employees who are equivalent to a full-time employee. To find this FTE number: If you have at least 50 FTEs employees, you are an ALE for the year, which means you are subject to specific reporting requirements and share responsibilities under the ACA The program will calculate factored and unfactored attendance Full-Time Equivalent Student (FTES) based on the contact hours, period annualizers, and F-Factor data entered by community college districts. Contact: ccfs320admin@cccco.edu. Audit Tracker: Submit audit reports and findings to the Chancellor's Office through the Audit Tracker web portal Project managers and budget analysts use FTE (Full-Time Equivalent) to convert part-time employee hours into full-time numbers. When estimating labor and overtime costs, you can use FTE figures to determine if you can afford a new hire

Completing Your PPP Schedule A Worksheet – Help Center

PLEASE NOTE: These spreadsheets are locked to maintain the integrity of the formulas. It is not necessary to obtain the password to use these documents. Please read the instructions in the worksheet which indicate how to use the resources as intended. The loan forgiveness calculators use available guidance from the Small Business Administration (SBA) and Treasury, along with interpretations of. The acronym FTE stands for full-time equivalent and is the equivalent of one employee working full-time at a company. FTE is considered to be eight hours in a day, multiplied by five days a week. This number is then multiplied by 52 weeks a year, and the calculation is 2,080 hours that an employee works in a year

total annual hours paid for all employees divided by the number of hours a full-time employee is scheduled to work. Average tenure = _____. total years of service for all employees divided by the number of Full Time Equivalents. Average comparative ratio = _____ The amount of loan forgiveness may be reduced if there is a reduction in full time equivalent employees when comparing to the average number of full time equivalent employees per month employed by the eligible recipient during the period beginning February 15, 2019 and ending on June 30, 2019 OR January 1, 2020 and ending on February 29, 2020 3. Full-Time Equivalent Calculations (Refer to Appendix A, on page 9, for Tables) Comprehension of percent of time is crucial in calculating FTE. Percent of time is the ratio of actual effort to the full-time effort. The standard full-time work week is typically 40 hours

An OPO that performs organ procurement for renal and non- renal organs must complete a separate Worksheet A-2 for each type of organ. The OPO must go through cost finding to ensure that overhead is allocated to all types of organ acquisition.Tissues, such as skin, cornea, bone, heart valves, and pancreas islet absent adequate cost finding methodology need not go through cos Under the SBA's interim final rule, a full-time employee is defined as an employee who works 40 or more hours per week. As such, FTE is calculated on a scale of 1, with 1 being the equivalent of 40 hours per week. So, a full-time employee that works and is paid for 40 hours per week would have an FTE of 1 (40 hours paid each week / 40 = 1) Full-time Equivalent (FTE) FTE or Full-time Equivalent is a measurement used to calculate the estimated number of students equivalent to the number of students carrying a full load of coursework. State funding is based on the number of FTEs generated by a university; as a result, any university that receives state funding base S-3, Part V This worksheet captures salary expenditure for direct and contract labor. S-4 Eliminated. S-5, Parts I and II S-4, Parts I & II This worksheet captures statistics for HHA- FTE - Full Time Equivalent . HCHC - Hospice Continuous Home Care . HCRIS - Healthcare Cost Report Information System

How to run a PPP Loan Forgiveness Report in OnPay – Help

Equivalent PPP Schedule A Worksheet: Average FTE: This calculates the average full-time equivalency (FTE) during the Covered Period or the Alternative Payroll Covered Period. For each employee, enter the average number of hours paid per week, divide by 40, and round the total to the nearest tenth.. full-time equivalent (FTE) employees, for borrowers that are unable to return to the same level of business activity prior to February 15, 2020, due to compliance with requirements/guidance between March 1, 2020 and December 31, 2020 by the: •Secretary of Health and Human Services •Director of the Centers for Disease Control and Preventio In cell to the right of hours I use function =IF(D39>30,1,0) (meaning if hours are greater than 30 count as 1 Full time employee) and in the next cell I use function =IF(D39<30,D39,0) ( meaning if hours are less that 30 put hours in that cell). Total each column. The first column will give you the number of Full time employees For those borrowers, the Form 3508EZ Instructions say they must include documentation of the average number of full-time equivalent employees on payroll employed by the Borrower on January 1, 2020 and at the end of the Covered Period. Otherwise, EZ form filers don't have to file information on FTEs For Salaried Employees: Enter the 24-week equivalent of the difference in salary by multiplying by 24/52 (8/52 if you are using an 8-week covered period). Full Time Equivalent Reduction Exceptions: If you had any employees you could not hire back, their FTE can be included here

Full Time Equivalent (FTE) - Definition, How to Calculate

  1. There are a few situations where borrowers are exempt from reductions in loan forgiveness based on reductions in full-time equivalent (FTE) employees. The first of these FTE reduction exemptions can be found at the bottom of page 3 of Form 3508 on PPP Schedule A
  2. e if a reduction in the amount eligible for forgiveness is.
  3. (same as on above worksheet) FTE Teachers Section Worksheet Use this worksheet to automatically calculate full-time equivalent teachers if you have part-time teachers or if you have teachers that teach more than one level (do not print, enter numbers below in boxes indicated) 0.00 37.50 0.00 37.50 1.00 2.00 3.00 4.00 5.00 37.50 37.50 37.50 37.
  4. The loan forgiveness will be reduced if the average number of full-time equivalent employees (FTEs) during the covered period is less than the average number of FTEs for either of the following base periods: The period beginning on February 15, 2019 through June 30, 2019 or; The period beginning on January 1, 2020 and ending on February 29, 202
  5. e your FTE number using our FTE Worksheet. Best in broker representation Best in HR support Access to top carriers Friendly service No broker fees AGENTS AND BROKER

Full-Time Equivalent Employees: FTE-equivalents are included. Include and count part-time employees as a fraction of an FTE with the number of hours regularly scheduled to work over 30, or if monthly the number of hours over 120 scheduled in a month. These part-time employees are added together and become your FTE FTE documentation showing the average number of full-time equivalent (FTE) employees on payroll employed by the Borrower, during one of the applicable periods below, may include: Payroll Tax •Filings reported, or that will be reported, to the IRS (typically IRS Form 941) (or equivalent third party payroll service provider reports Teachers - full-time equivalent Number of teachers on a full-time equivalent (FTE) basis, not including administrators, guidance counselors, media specialists or resource teachers. Only reported at district and state levels. MUNIS - PSD Report data available via School District Personnel Information OFO - Jessi Carlton Distric

A full-time employee is an employee who is employed on average, per month, at least 30 hours of service per week, or at least 130 hours of service in a calendar month. A full-time equivalent employeeis a combination of employees, each of whom individually is not a full-time employee, but who, in combination, are equivalent to a full-time employee Full-time Employees: Per the statute, an FTE is one whom, with respect to any month, works at least 30 hours per week. (Note: 130 hours of service in a calendar month is treated as the monthly equivalent of at least 30 hours of service per week.) Full-Time Equivalent Employees: FTE-equivalents are included. Include and count part-time employees. This percentage is calculated by taking the average number of full-time equivalent employees per month during this 8 week window (numerator) and dividing it by your choice of either the average number of full-time equivalent employees per month during the period February 15, 2019 through June 30, 2019 or the period January 1, 2020 through. To determine how many full-time equivalent (FTE) employees you have, add up the total number of all full- and part-time employee hours worked per week and divide it by 30 hours per week (as proscribed by the Affordable Care Act). When the reduction is based lowered wages/salaries

YEAR END data, located on the worksheet's left side, indicates the change in assets managed per FTE which occurred in the previous year and serves as a basis for determining the current credit union environment. The chart presents the change in terms of the dollars of products delivered per FTE (full time equivalents) as well as a percentage Full-Time Equivalent (FTE) Group Size Calculation Worksheet. 4. You will then select either . Modify. or . Confirm. For both options, you will be prompted to upload your FTE Form. To upload your FTE Form, select . Browse, then select the file from your computer. Select one of these options Upload your FTE Form her

Full Time Equivalent Employee Calculator Employers Resourc

  1. Any company with less than 500 employees (Full-Time Equivalent employees, FTE) as of December 2020 may participate in the program and apply for the ERTC. (Previously, only business owners with.
  2. the equivalent of 100 full time employees working 1 full year. Only those cases with a date of injury in the During Period will be included. 3. Lost Workday Rate Formula: # of Work Days Lost x 200,000 Total Hours Worked SAMPLE calculation: 81 x 200,000 111,935 SAMPLE Lost Workday Rate: 14
  3. A Full-Time Employee must be employed on average at least thirty hours per week. A FTE Employee is a combination of employees, each of whom is not individually a Full-Time Employee, but who, when combined with other non-Full-Time Employees, are counted as the equivalent of a Full-Time Employee
  4. How are full-time equivalent employees (FTEs) calculated under the Affordable Care Act? Author: XpertHR Editorial Team FTEs equal the number of full-time employees (those working 30 or more hours per week) plus the number of hours worked in a month by part-time employees (those working fewer than 30 hours per week) divided by 120
  5. e your average FTE from one of two reference periods: February 15, 2019-June 30, 2019, or January 1, 2020-February 29, 2020

Summer 2021 Cost Worksheet. Input the amount of your Full-Time Spring 2021 or Summer 2021 Pell Grant award from your financial aid package in the blue box. The table below will then reflect in the yellow highlighted column how much you would need to pre-pay in order to enroll in that number of units for Summer 2021. Students receive a maximum of 12 full-time equivalent Example: For the account manager and art director roles, the resource allocation period is two weeks for each. Because the Estimated Labor Costs Worksheet specified that the account manager role needs two full-time equivalent units of work but has two resources available to do that work, the work is completed in one work week

How do I calculate the number of full-time equivalent (FTE

  1. IRS Form 1095-C provides information about the offer of health insurance coverage if you were a full-time employee of an Applicable Large Employer (i.e. employers with 50 or more full-time equivalent employees) at any time during 2020. If you are a Commonwealth of Massachusetts employee, including employees of higher education, the Comptroller.
  2. The Attachment A is a worksheet entitled Changes in Full-time Equivalents that provides a framework for calculating the FTE numbers that will be included in the FY 2007 President's Budget
  3. For example: A borrower reduced a full-time employee's weekly salary from $1,000 per week during the reference period to $700 per week during the covered period. The employee continued to work on a full-time basis during the covered period with an FTE of 1.0. In this case, the first $250 (25 percent of $1,000) is exempted from the reduction
  4. istrator-teacher ratio in school districts as required by Education Code sections 41400-41407. Note: Education Code school districts with one or fewer ad
  5. Number of Jobs is not defined and assumed to be the current number of full-time equivalent employees at the time of application. The applicant must also disclose owners having greater than a 20% ownership stake. The remainder of the application contains various questions to ascertain the applicant's eligibility for the loan
  6. Full Time Equivalent Percentages (% FTE) FTE% (see example EXP worksheets) stands for Full Time Equivalent. %FTE is the decimal portion of time credited towards a particular experience level, and supported by the description of GIS related duties section
Nebraska Incentive Withholding Worksheet Download FillablePPP Loan Forgiveness — Accounting Tax & Advisory Services

Full-Time-Equivalent (FTE) This is the full-time equivalent of the amount of time (%) that staff spend on the project. It makes the assumption that each full-time position is at 100% for each 12 month period for the organization. Grant period . The grant period is the total duration for the grant (e.g., 12 months, 24 months, 36 months). I full-time equivalent employees would have been required to work all of the paid hours worked by the Employer B's employees. ((100 weeks x 40 hours) + 15,000 hours)/520 = 36.54, rounded up to 37 full-time equivalent employees. B) Determine whether or not you meet the average wage requirement To calculate the full-time equivalents for each month, the report will take the sum of all part-time employees' hours, capped at 120 hours per employee, and divide the total by 120. The report will sum the number of Full-Time Employees and the number of Full-Time Equivalents for each month to calculate the monthly Total

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