BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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$118.875
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$120.875
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$118.877
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$120.877
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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: -Overtime pay is calculated: Hourly pay rate x 1.5 x overtime hours worked. Here is an example of total pay for an employee who worked 42 hours in a workweek: Regular pay rate x 40 hours = Regular pay, plus. Regular pay rate x 1.5 x 2 hours = Overtime pay, equals.
Detailed explanation-3: -Straight-time pay is the total amount of money you earn in a given pay period. It is calculated based upon your hourly rate of pay. To determine your straight-time pay, multiply the number of hours you worked by your hourly rate.
Detailed explanation-4: -Step 1: Calculate regular rate of pay by dividing salary by total hours worked. Step 2: Calculate overtime pay by multiplying the hours of overtime worked by one-half the regular rate of pay.