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The phrase "amounts are based on" is correct and usable in written English.
It can be used when explaining that certain quantities or figures are determined by specific criteria or factors.
Example: "The final costs for the project are calculated based on the amounts that are based on the initial estimates provided by the team."
Alternatives: "figures are determined by" or "values are derived from".
Exact(13)
Amounts are based on a nine-month academic year.
Renovation loans cover the costs of the upgrades, but the total loan amounts are based on the predicted value of the house after the work has been completed.
Since mortgage amounts are based on a percentage of the home's value, a higher value would translate into a larger mortgage.
The bonuses are intended to give its workers "a stake in the overall performance of the company," G.M. said, and the amounts are based on the company's results and their individual contributions.
These amounts are based on 80 % efficiency at 1 KW/m2 solar irradiance.
Board (i.e., meal cost) amounts are based on the average meal plan price set by Dining Services.
Similar(47)
For victims of the Virginia Tech shooting, he said, compensation amounts were based on how long they were in the hospital.
Ration amounts were based on trial and error and at 4,500 calories a day fell well short of what was needed.
Total RNA input amounts were based on manufacturer's recommendations for each method.
The fat and protein amounts were based on quantities in foods commonly consumed by children and adolescents with diabetes (8).
As described previously, our exposure classification agrees with rationing practices at that time, in which individual calorie amounts were based on age.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com