explain the term - overtime paythis means a
Explain the term - Overtime Pay
This means a minimum of one and one-half times the regular rate of pay for all hours worked over 40 during the week. (Time and a half) A number of companies will pay more on a holiday, etc.
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determine the concept of closing entries-reid1 close sales account and other income statement accounts with credit balances to income
explain the term- reversing entries and interim statementsreversing entries - made the first day of new accounting period they are exact opposite of
describe the term in detail payrollpayroll is very vital for all employees employees are under the direct control of employer on a continuing basis
what is the fair labor standard actfair labor standard act wages and hours law establishes standards for minimum wages child labor overtime pay
explain the term - overtime paythis means a minimum of one and one-half times the regular rate of pay for all hours worked over 40 during the week
process for calculating gross earnings these are employees earnings before any amount is deducted by the employerearnings are calculated either by a
explain the meaning of payroll deductions there are numerous deductions taken from an employees earnings these are deducted by employer before
fica tax social security both the employee and the employer contribute equallyoasdi has a taxable wage base that is the maximum amount of earnings
federal income taxexcept specifically exempted all income illegal and legal is subject to personal income tax withholding depends on 1 employees
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