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Q:

# How do you calculate rent per calendar month?

A:

Rent per calendar month is calculated by taking a provided value for rent per week and first converting to rent per year. Then, the rent per year is converted into rent per month.

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Landlords usually accept rent payments from tenants once per month. However, in some cases, apartment rents are advertised in blocks of time other than full months, necessitating a few mathematical conversions. When rent is advertised as a weekly price, multiplying by 52 gives a yearly price. Dividing the yearly price by 12 gives the monthly price. Given a rent of \$200 per week as an example, \$200 times 52 and then divided by 12 gives a monthly rent of \$866.67.

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## Related Questions

• A:

The calendar year runs from January 1 to December 1 of every year, but a fiscal year may start on the first day of any month except January. The fiscal year is any 12 consecutive months chosen to be the official accounting period by a business or organization.

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• A:

FTE can be calculated by dividing the total labor hours for exactly one year by the number 2,080, which represents how many hours one full-time employee works in a year. The acronym FTE stands for full-time equivalent and is the equivalent of one employee working full-time at a company.

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• A:

A pro rata salary is calculated by dividing someone's annual, full-time salary by any portion of an employment period that is less than a year, according to Discovering People. For example, if a full-time employee makes \$52,000 per year, the pro rata salary for one week is \$1,000 because there are 52 weeks in a year. Divide \$1,000 by 40 hours per week, and the hourly wage is \$25.