BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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125%
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130%
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160%
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200%
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Detailed explanation-1: -How do you calculate overtime pay? Under federal law, overtime compensation is at least 1.5 times the employee’s regular pay rate (time and a half).
Detailed explanation-2: -The rate for overtime hours is at least one and a half times the regular hourly wage ($10.88 per hour), also known as “time-and-a-half.” That means an hourly employee who works 42 hours per week at $12 an hour would be paid $12/hour for 40 hours and $18/hour for two hours of overtime.
Detailed explanation-3: -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-4: -(1) Where a worker works in a factory for more than nine hours in any day or for more than forty-eight hours in any week, he shall, in respect of overtime work, be entitled to wages at the rate of twice his ordinary rate of wages.