Enter your average wage, impairment percentage, and state L&I rate into the calculator to determine your settlement amount.
L&I Settlement Calculation Formula
The following formula is used to calculate the settlement amount for your L&I claim.
Settlement Amount = Average Wage * (Permanent Impairment / 100) * (State Rate / 100)
Variables:
- Settlement Amount is the total amount you receive ($)
- Average Wage is your average wage before deductions ($)
- Permanent Impairment is the percentage of your impairment (%)
- State Rate is the L&I rate applicable in your state (%)
To calculate the settlement amount, multiply the average wage by the permanent impairment percentage, then multiply the result by the state rate percentage.
What is L&I Settlement Calculation?
L&I settlement calculation refers to the process of determining the amount of money you will receive as a settlement for an injury or impairment sustained at work. This involves understanding your average wage, the percentage of your permanent impairment, and the applicable state L&I rate. Accurate L&I settlement calculation ensures that you receive the compensation you are entitled to.
How to Calculate L&I Settlement Amount?
The following steps outline how to calculate the