BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Php.70.71
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Php.71.70
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Php.77.10
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Php.77.01
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Detailed explanation-1: -According to the FLSA, the formula for calculating overtime pay is the nonexempt employee’s regular rate of pay x 1.5 x overtime hours worked.
Detailed explanation-2: -Basic Pay of the employee + Night Shift Bonus / total no of days * working hours in a day. And the following wage is calculated for half an hour for each extra pay working hour.
Detailed explanation-3: -Hourly Rate x 200% x 130% x Number of Hours Worked Note that the 200% in the formula above is the additional pay of the employee for working on a regular holiday.
Detailed explanation-4: -Under Sec. 59 it is mentioned that where a worker works in a factory for more than 9 hours in any day or for more than 48 hours in any week, he/she shall, in respect of overtime work, be entitled to receive wages at the rate of twice his/her ordinary rate of wages.