What is overtime?
Overtime

Flashcard
•
Mathematics
•
11th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
Overtime refers to the hours worked beyond the standard workweek, typically over 40 hours in a week, for which employees are compensated at a higher pay rate.
2.
FLASHCARD QUESTION
Front
What is the standard workweek in hours?
Back
The standard workweek is typically 40 hours.
3.
FLASHCARD QUESTION
Front
How is overtime pay calculated?
Back
Overtime pay is usually calculated at a rate higher than the regular hourly wage, often at time-and-a-half (1.5 times the regular rate) or double time (2 times the regular rate) depending on the employer's policy.
4.
FLASHCARD QUESTION
Front
If an employee earns $15 per hour, what is their overtime pay at time-and-a-half?
Back
The overtime pay would be $22.50 per hour (1.5 x $15).
5.
FLASHCARD QUESTION
Front
What is time-and-a-half pay?
Back
Time-and-a-half pay is a compensation rate that is 1.5 times the regular hourly wage, typically applied to overtime hours.
6.
FLASHCARD QUESTION
Front
What is double-time pay?
Back
Double-time pay is a compensation rate that is 2 times the regular hourly wage, often applied to overtime hours worked on holidays or special circumstances.
7.
FLASHCARD QUESTION
Front
If an employee works 45 hours in a week, how many hours are considered overtime?
Back
5 hours are considered overtime (45 total hours - 40 standard hours).
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