Showing posts with label personal injury compensation. Show all posts
Showing posts with label personal injury compensation. Show all posts

How Lost Wages Are Calculated in Injury Lawsuits

 If you’re injured and can’t work, the financial pressure builds fast. That’s why lost wages are a key component of any personal injury claim.

What Are Lost Wages?
It includes income you’ve already lost — and future income you’re likely to lose. This can cover:

  • Hourly wages

  • Salary

  • Overtime

  • Tips and commissions

  • Bonuses

  • Sick leave or vacation used during recovery

How Are They Calculated?

  • Multiply your average daily or weekly pay by the number of missed workdays

  • If self-employed: Use tax returns, invoices, or profit/loss statements

  • For long-term disabilities: A vocational or economic expert may estimate lost earning capacity

What Documentation Do You Need?

  • Employer statement confirming time missed

  • Pay stubs

  • Tax returns

  • Doctor’s note proving you couldn’t work

  • Medical records

Future Wages:
These are more complex and may include:

  • Promotions you missed

  • Career changes forced by injury

  • Early retirement

Pro Tip:
Don’t underestimate this part of your claim — it can be a major portion of your settlement.

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