BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Equivalent hourly rate when type of workday is regular holiday.
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100 percent
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160 percent
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200 percent
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260 percent
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Explanation:
Detailed explanation-1: -⦁ Article 94 of the Labor Code provides that every worker shall be paid his regular daily wage during regular holidays and that the employer may require an employee to work on any holiday but such employee shall be paid a compensation equivalent to twice his regular rate [i.e. 100% holiday pay + day’s wage].
Detailed explanation-2: -Regular hourly wage means the amount that an employee is regularly paid for each hour of work as determined by dividing the total hours of work during the week into the employee’s total earnings for the week, exclusive of overtime premium pay.
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