GENERAL KNOWLEDGE

Detailed explanation-1: -Employees covered by the Fair Labor Standards Act (FLSA) must receive overtime pay for hours worked in excess of 40 in a workweek of at least one and one-half times their regular rates of pay.

Detailed explanation-2: -What is the formula to calculate overtime pay? 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. This calculation may differ in states that have requirements, such as double time, which are more favorable to the employee.

Detailed explanation-3: -Minimum Wages Act, 1948 According to Section 33, workers who work overtime must be paid at a rate that is double their regular rates of pay. It states that the employer may accept actual work up to a maximum of 9 hours every 12-hour shift on any given day.

Detailed explanation-4: -The Fair Labor Standards Act sets the minimum wage for most employees in the nation at $7.25 per hour, although most cities and states have higher minimum wage amounts. In New York City, the minimum wage is currently $15 per hour, while workers in Long Island and Westchester must be paid a minimum wage of $13 per hour.

Detailed explanation-5: -THE MINIMUM WAGES ACT, 1948 ACT NO. 11 OF 1948 1* [15th March, 1948.] An Act to provide for fixing minimum rates of wages in certain employments. .