BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
To calculate an employee’s time-and-a-half pay rate
|
|
Multiply the regular pay rate by 2.
|
|
|
Divide the regular pay rate by 1.5.
|
|
|
Divide the regular pay rate by 2.
|
|
|
Multiply the regular pay rate by 1.5
|
|
|
Tell them to stop working so much overtime!
|
Explanation:
Detailed explanation-1: -The rate for overtime work is 1.5x a worker’s hourly rate. In other words, the regular rate of pay plus another 50%. In the typical case of an hourly or non-exempt employee, if you are paying Sandy $14 per hour, you would have to pay her 1.5 x $14 = $21 per hour for every overtime hour.
Detailed explanation-2: -The most common rate for this overtime premium is the employee’s usual rate, plus half their rate again. This is 50% more than your employees standard wage and means that for every hour of overtime they work, they receive 1.5 of their regular hourly rate.
There is 1 question to complete.