Exam 2: Computing Wages and Salaries

Instruction 2-1 Unless instructed otherwise,compute hourly rate and overtime rates as follows: 1.Carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places (round the hourly rate to 2 decimal places before multiplying by one and one-half to determine the overtime rate). 2.If the third decimal place is 5 or more,round to the next higher cent. 3.If the third decimal place is less than 5,drop the third decimal place. Also,use the minimum hourly wage of $7.25 in solving these problems and all that follow. -Refer to Instruction 2-1.Gates is paid a semimonthly salary of $900.00.Overtime is paid for hours beyond 40 in each workweek.One week,Gates works hours overtime.Gates' pay for this semimonthly pay period is _____.

All employers can grant compensatory time off to employees in place of overtime pay.

The Wage and Hour Division allows the practice of recording an employee's starting and stopping time to:

Bona fide meal periods when the employee is completely relieved from duty are not considered working time.

Those tasks that employees must perform and which include any work of consequence performed for the employer are known as:

Instruction 2-1 Unless instructed otherwise,compute hourly rate and overtime rates as follows: 1.Carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places (round the hourly rate to 2 decimal places before multiplying by one and one-half to determine the overtime rate). 2.If the third decimal place is 5 or more,round to the next higher cent. 3.If the third decimal place is less than 5,drop the third decimal place. Also,use the minimum hourly wage of $7.25 in solving these problems and all that follow. -Refer to Instruction 2-1.Bakker is paid an hourly rate of $10.65.For 130 minutes spent on a certain job,Bakker is paid __________. ​

The FLSA requires that workers receive overtime pay for all hours worked in excess of 40 in a workweek.

Instruction 2-1 Unless instructed otherwise,compute hourly rate and overtime rates as follows: 1.Carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places (round the hourly rate to 2 decimal places before multiplying by one and one-half to determine the overtime rate). 2.If the third decimal place is 5 or more,round to the next higher cent. 3.If the third decimal place is less than 5,drop the third decimal place. Also,use the minimum hourly wage of $7.25 in solving these problems and all that follow. -Refer to Instruction 2-1.Kenneth Anderson works two separate jobs for Mesa Company.During the week, Job A consisted of 38 hours at $20 per hour;Job B involved 15 hours at $14 per hour.If Mesa uses the average rate basis for calculating overtime,Anderson's pay for that week is __________.

Employers may pay nonexempt employees who work fluctuating schedules a fixed salary.In these cases,the extra pay is:

To determine a pieceworker's regular hourly rate for one week:

All major cities have enacted ordinances establishing a so-called "living wage" at $10.25 per hour.

Instruction 2-1 Unless instructed otherwise,compute hourly rate and overtime rates as follows: 1.Carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places (round the hourly rate to 2 decimal places before multiplying by one and one-half to determine the overtime rate). 2.If the third decimal place is 5 or more,round to the next higher cent. 3.If the third decimal place is less than 5,drop the third decimal place. Also,use the minimum hourly wage of $7.25 in solving these problems and all that follow. -Refer to Instruction 2-1.Jose Cruz earns $2,275 each month and works 37.5 hours each week.His employer pays him overtime (for hours beyond 37.5)and uses the overtime premium approach.Cruz's overtime premium hourly rate is __________.

Under the FLSA enterprise coverage test,hospitals and nursing homes are only covered if their annual charges for services are at least $500,000.

The FLSA requires that workers receive overtime pay of twice the employees' regular hourly rate for hours worked on Sunday.

All interns in the for-profit sector are exempt from the minimum wage and overtime requirements of the FLSA.

Under the continental system of recording time,9:20 p.m.is recorded as:

Instruction 2-1 Unless instructed otherwise,compute hourly rate and overtime rates as follows: 1.Carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places (round the hourly rate to 2 decimal places before multiplying by one and one-half to determine the overtime rate). 2.If the third decimal place is 5 or more,round to the next higher cent. 3.If the third decimal place is less than 5,drop the third decimal place. Also,use the minimum hourly wage of $7.25 in solving these problems and all that follow. -Refer to Instruction 2-1.Kevin Kurtz is a newly hired exempt employee who earns an annual salary of $67,600.Since he started work on Thursday (five-day week ends on Friday),his pay for the first week would be __________.

Employers may adopt the practice of recording an employee's starting and stopping time to the nearest quarter of an hour.

Instruction 2-1 Unless instructed otherwise,compute hourly rate and overtime rates as follows: 1.Carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places (round the hourly rate to 2 decimal places before multiplying by one and one-half to determine the overtime rate). 2.If the third decimal place is 5 or more,round to the next higher cent. 3.If the third decimal place is less than 5,drop the third decimal place. Also,use the minimum hourly wage of $7.25 in solving these problems and all that follow. -Refer to Instruction 2-1.Kelli England earns $12.30 per hour and has earned a production bonus this week of $37.10.If England worked 44 hours this week,her gross pay is __________.