Calculate Loss of Income After Being In A Car Accident

Car accidents are like the flu. Both are nasty, and no one wants to experience either one. However, since both are a ‘fact of life,’ you will probably be in a car accident whether or not you were at fault, and you will probably sustain some sort of bodily injury. You may not be able to work and will lose income and wages as a result. Hire a personal injury lawyer immediately to create a personal injury lawsuit that will win you a big settlement in court. You also want this person to help you calculate any wages or income you may lose, because of your inability to work after your car accident.

What to do

You need to work with your personal injury lawyer in La Quinta to create a personal injury lawsuit and case that will convince both the judge and jury that you need and deserve the settlement you are requesting by proving that you have suffered financial hardship after having lost income and/or wages after your car accident. See a trained medical doctor right after your accident because this person can properly document the full extent and cause of your bodily injuries. You will need to include this as proof of lost wages/income in your personal injury lawsuit. You’ll also need to provide monetary evidence of this by including your W2 stubs, your most recent tax return, and a letter from your boss which states how much you are being paid currently at work.

How to calculate lost wages

Since your personal injury lawyer in National City knows how to calculate lost wages and income correctly, work with him or her when you are crafting your personal injury lawsuit. Doing so could mean the difference between winning your lawsuit in court and getting a big settlement from the defendant, or losing your lawsuit and getting nothing. If you get an hourly wage, you simply tally the total number of hours you were out of work and multiply that by your hourly rate. That equals the total wages you have lost.

The process is more complicated if you receive an annual salary. In this instance, your lawyer will tell you to take your annual salary and divide it by the number of annual work hours which is 2080. You’ll get an average wage rate per hour which you can multiply by the number of hours of work you missed. This will give you a good estimate of your total lost income.

Accurately calculate lost wages

You can accurately calculate wages and/or income you have lost from being unable to work because of your recent car accident. You just need to follow the advice and hire a good personal injury lawyer.