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

Royalty accounts, Ritu acquired a mine on lease from Richa for a period of ...

Ritu acquired a mine on lease from Richa for a period of 8 years at a royalty of ` 60 per tonne of coal produced subject to minimum rent of ` 1,00,000 for the first year, increasin

AUTOMATED TELLER MACHINE (ATM) , AUTOMATED TELLER MACHINE (ATM) Computer m...

AUTOMATED TELLER MACHINE (ATM) Computer managed devices placed at a financial institution division or other place, which allow a client to execute primary checking actions (such a

Metaphor, writing a Introduction on Metaphor

writing a Introduction on Metaphor

Determine the mean and standard deviation, 1.)  Two dice are rolled and the...

1.)  Two dice are rolled and the sum is calculated.  Let X represent the sum of the two dice. Construct a probability distribution expressing probabilities in fractional form. 2

Difference, what is the difference between HISTORIGRAMS and HISTOGRAMS?

what is the difference between HISTORIGRAMS and HISTOGRAMS?

Source of economic growth and development, Question 1: (a) Describe the...

Question 1: (a) Describe the factors that contributed to the adoption of structural adjustment programme by a majority of Least Developed Countries in the 1980s? (b) Describ

Skewness, Skewness It is the comparison of the mean, median and mode ca...

Skewness It is the comparison of the mean, median and mode can reveal information about the characteristics of skewness. Definition The distribution of the data is ske

Correlation and regression problems, CORRELATION & REGRESSION: 1)  What...

CORRELATION & REGRESSION: 1)  What do you mean by the term correlation? 2)  Point out the differences between coefficient of correlation and regression. 3)  If the correl

Standard error of the differnce between means., IN two separate studies, th...

IN two separate studies, the actual difference between the means of a treated group and untreated group is 3 points. However, in one study sm1-m2 is very large and so the 3 points

Acc, Project I The trial balance of the Parton Wholesale Company contain...

Project I The trial balance of the Parton Wholesale Company contained the following accounts at December 31, 2010 the end of the company’s calendar year. PARTON WHOLESALE COMPA

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