Hourly pay / OT Pay

Flashcard
•
Mathematics
•
9th - 12th Grade
•
Hard
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15 questions
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1.
FLASHCARD QUESTION
Front
What is overtime pay?
Back
Overtime pay is the additional compensation paid to employees who work more than the standard number of hours in a workweek, typically calculated at a higher rate than regular pay.
2.
FLASHCARD QUESTION
Front
How many hours constitute overtime in a standard workweek?
Back
In a standard workweek, overtime typically begins after 40 hours of work.
3.
FLASHCARD QUESTION
Front
If an employee works 45 hours in a week, how many hours are considered overtime?
Back
5 hours are considered overtime.
4.
FLASHCARD QUESTION
Front
What is the formula to calculate gross pay?
Back
Gross pay = Regular hours worked x Hourly pay rate + Overtime hours worked x Overtime pay rate.
5.
FLASHCARD QUESTION
Front
What is the regular pay rate for Timmi, the receptionist?
Back
Timmi's regular pay rate is $9.68 per hour.
6.
FLASHCARD QUESTION
Front
How do you calculate Timmi's gross pay for 35 hours of work?
Back
Timmi's gross pay = 35 hours x $9.68/hour = $338.
7.
FLASHCARD QUESTION
Front
If Mason works 37 hours at $10.80 per hour, how much will he earn?
Back
Mason will earn $399.60 for 37 hours of work.
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