Define overtime pay, Basic Statistics

Assignment Help:

Define Overtime Pay

Extra time represents time worked in excess of 40 times weekly. Whether or not workers are bought overtime will depend on each worker's job obligations and rate of pay-some workers are exempt from overtime pay and some are not. For example, professionals are regarded to be "exempt"; their business employers are not necessary to pay them for their overtime time because (1) their settlement is high, and (2) they can management their working time. Executives do not need government or condition wage and hour regulations to protect them from company neglect.

On the other hand, a style technical assistant earning a yearly wage of $18,000 per year is probably not in management of her working time. If she works for an professional who chooses to perform 60 time weekly, the style technical assistant needs to be protected from having to perform 60 time weekly for no more pay than she would obtain for 40 time of perform.

This personnel is regarded a "nonexempt" employee-she is not exempt from being paid overtime settlement. Some illegal companies have been known to identify "hourly wage" workers as "salaried" in desires of making them exempt from overtime pay-federal and condition regulations exist to prevent such unjust treatment of workers.When handling paycheck, don't believe that it's only the one per hour basis paid workers who obtain overtime pay-state and government regulations require overtime payments to lower-paid paid workers. It is also possible that some nice business employers will give overtime pay to workers who are not necessary by law to obtain it.

Expertsmind.com offers unique accounting assignment help


Related Discussions:- Define overtime pay

Pre tax in Statement of Cash Flows, Advanced Equipment leased equipment to ...

Advanced Equipment leased equipment to Richards Chemical, Inc. on 9/30/11. Advanced purchased the machine from Makers, Inc. at a cost of $6M. The 5-yr lease agreement calls for R

Hypothesis and spss, The purpose of this activity is to help you learn how ...

The purpose of this activity is to help you learn how to enter data into SPSS by yourself.  You will use SPSS via Acadlabs.  You will discuss this activity in your group and will t

Time series, what are the characteristics

what are the characteristics

Describe time cost of working alters of budget constraint, Suppose that an ...

Suppose that an individual has unearned income of $V and can choose how many hours she works per week at a wage of $w per hour.  Assume that she has a total of 110 hours of time to

Comb & proportions type will appear in f & f2, In fowl,the genotype rrpp gi...

In fowl,the genotype rrpp gives single comb, R_P_ walnut comb, rrP_ pea comb, and R_pp rose comb. a. What comb type will appear and in what proportions in F and F2 if single- co

Correlation, difference between positive and negative correlaiton

difference between positive and negative correlaiton

Regarding trial balance, does interest realized come under debit or credit ...

does interest realized come under debit or credit side of trial balance pleases i need answer

T accounts, if my income for the rest of the month was 2,500 and i recieved...

if my income for the rest of the month was 2,500 and i recieved 1,200 in cash balance on account where would i put this

State the profit maximization problem of firm, Consider two firms producing...

Consider two firms producing an identical product in a market where the demand is described by p = 1; 200 - 2Y. The corresponding cost functions are c1 (y1) = y 2 1 and c2 (y2) =

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd