The Basics of Calculating Overtime Pay
- Topics:
- Payroll
- Tags:
- Benefits,
- Payroll Solutions,
- Payroll,
- Overtime,
- Operational Accounting,
- Insurance,
- Human Resources,
- Finance,
- Corporate Insurance,
- Compensation,
- ...
- Source:
- Payroll Taxes.com
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Overview: This article states and explains that the employer would pay the employee for the first 40 hours of work at the employee’s regular rate of pay, and overtime pay would be paid at the rate of time and a half for any hours worked over 40. In most states overtime premiums are not included in total compensation for the purpose of calculating workers’ compensation insurance rates. It basically includes detailed information about the concept of Overtime Pay and the information about its calculations. For details refer the article.
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Format: HTML | Date: Jan 2003 | Pages: 1
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