1.2 Overtime pay

Front

What is the standard number of hours in a workweek before overtime pay is applicable?

Back

40 hours.

Front

What is the standard number of hours in a day before overtime pay is applicable?

Back

8 hours.

Front

What is Double-Time in terms of hourly wage?

Back

Double-Time is your normal hourly wage times 2.

Front

If an employee works 36 hours at a rate of $28.46 per hour, how do you calculate their earnings for the week?

Back

Multiply the hours worked (36) by the hourly rate ($28.46) to get $1024.56.

Front

What does 'hourly pay rate' refer to?

Back

It refers to the pay for 1 hour of work.

Front

What is the formula to calculate overtime pay?

Back

Overtime pay = (Hourly rate x 1.5) x Overtime hours.

Front

What is the difference between regular pay and overtime pay?

Back

Regular pay is the standard pay for hours worked up to 40 hours, while overtime pay is earned for hours worked over 40 hours at a higher rate.

Front

What is the significance of the Fair Labor Standards Act (FLSA) in relation to overtime pay?

Back

The FLSA establishes minimum wage, overtime pay eligibility, recordkeeping, and youth employment in the U.S.

Front

How is overtime calculated for hours worked beyond 8 in a single day?

Back

Overtime is calculated at 1.5 times the regular hourly rate for hours worked beyond 8 in a single day.

Front

What is the typical multiplier for overtime pay?

Back

1.5 times the regular hourly rate.