BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Employee regular earnings are calculated as
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regular hours times regular rate
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total hours divided by regular rate
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total hours plus overtime rate
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overtime hours minus overtime rate
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Explanation:
Detailed explanation-1: -Employee total earnings are calculated as regular hours x regular rate, plus overtime hours x overtime rate. Payroll taxes withheld represent a liability for an employer until payment is made to the government. Employers in many states are required to withhold state, city, or county income tax from employee earnings.
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