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1. Given: Assuming that the minimum wage rate is 300.00 How much the overtime rate per hour on ORDINARY DAYS? Regular Hourly Rate = Minimum wage rate/ 8 Hours (Regular Hourly Rate = 300.00/8 = 37.5 per Hour. To determine overtime rate per hour the formula (Overtime Rate = Regular Hourly Rate + 25% of Regularly Rate) Show your solution?
2. Same with the given #1. Compute ON REST DAYS overtime rate per hour. Hourly Rate = 130% of regularly rate. 37.5 x 1.30 = 48.75 per hour. To determine overtime rate per hour on rest days the formula. (Overtime Rate = Hourly rate on rest day + 30% Hourly rate on rest day) Show your solution?
3. On Rest days which fall on special days. Compute the hourly rate of the employee on a rest day which falls on a special day. Hourly rate =150% of regular hourly rate: =37.5 x 1.50 = 56.25 per hour. To determine overtime rate per hour on rest days fall on special days the formula ( Overtime Rate = Hourly Rate = 30% of Hourly rate) Show the solution?
4. On Regular Holidays. Compute the hourly rate on regular holidays: Hourly Rate = 200% of Regular Hourly Rate: 37.5 x 2 = 75.00 per hour. To determine overtime rate per hour the formula ( Overtime Rate = Hourly rate + 30% of Hourly rate) Show the solution.
5. On Rest days which fall on regular Holidays: Compute the Hourly rate = 260% of regular Hourly rate. = 37.5 x 2.60 = 97.50 . To determine overtime rate per hour the formula ( Overtime Rate = Hourly rate + 30% of Hourly Rate. Show the solution.
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