If you’re a high-income earner chasing the tax-free growth of a Roth IRA, you’ve probably run into those IRS income limits. That’s where the backdoor Roth conversion comes in, a legal workaround that funnels after-tax money into a traditional IRA and then converts it into a Roth. But here’s the snag: the pro rata rule. … Read more
The simplest way to calculate your max heart rate (HRmax) is 220 minus your age. But other formulas like the Tanaka formula (208 – 0.7 × age) or Gulati formula (206 – 0.88 × age for women) can give you more accurate results. For the most precise number, you’ll need a lab stress test or … Read more
In today’s business world, tracking how long employees have been with your company isn’t just paperwork, it’s key for HR, payroll, and workforce planning. Whether you’re figuring out vacation accruals, checking eligibility for retirement benefits, or preparing a loyalty bonus, you’ll need a reliable way to calculate years of service in Excel. The good news? … Read more
If you’ve ever been involved in a personal injury settlement, you know that the money doesn’t all go straight into your pocket. There are liens, claims from Medicare, Medicaid, private health insurers, or even workers’ compensation providers, waiting to be paid. That’s where pro rata lien resolution comes in. In simple terms, it’s a way … Read more
Understanding how to calculate pro rata share is essential for anyone dealing with financial distributions, whether in business, investments, or legal settlements. The term “pro rata” comes from Latin, meaning “in proportion.” It refers to the fair allocation of something based on an individual’s or entity’s share of the whole. Whether you’re dividing profits among … Read more
In today’s data-driven world, knowing how to calculate ratio in Excel is one of those skills that pays off in almost every field. Whether you’re crunching financial ratios like debt-to-equity, checking inventory ratios for stock control, analyzing employee-to-manager ratios in HR, or even scaling recipe ratios in cooking, Excel makes it quick and simple. Now, … Read more
If you’re moving into a new apartment rental mid-month or your lease agreement ends before the month is up, you’ve probably heard about pro rata rent. But what does it mean, and how do you actually calculate it? In short, pro rata rent is the proportional rent amount a tenant pays for the exact number … Read more
If you’ve ever sat down with a math textbook, an engineering assignment, or prep material for exams like the SAT, ACT, or Fundamentals of Engineering (FE), you’ve probably asked: Is the TI-36X Pro a graphing calculator? Here’s the quick answer: No. The TI-36X Pro is not a graphing calculator. It’s an advanced scientific calculator made … Read more
If you’ve ever switched to part-time work, started a new job mid-month, or taken unpaid leave, you’ve probably heard the term pro rata salary. It sounds like something only HR managers and payroll software deal with, but honestly, it’s pretty simple once you break it down. Think of it as getting paid in proportion to … Read more
If you’re into fitness, you’ve likely heard the term VO2 max. But what does it actually mean, and how do you calculate it? In simple terms, VO2 max (or maximal oxygen uptake) measures how much oxygen your body can use during intense exercise. Think of it as your aerobic engine size, the higher the number, … Read more