Management Question

Anonymous
timer Asked: Nov 17th, 2016

Question description

I need to calculate the overtime pay for these employees:

•Overtime calculation: Employee A

–Salary of $400 per week for normal 40 hour work week

–Attendance bonus (non-discretionary): $200

–Holiday bonus (discretionary): $100

–Worked 55 hours in a work week

–How much is total pay due?

------

•Overtime calculation: Employee B

–Salary of $400 per week for normal 50 hour work week

–Worked 55 hours in a work week

–How much is total pay due?


Use the file to help you in calculations


FLSA • • • • Minimum wage Overtime pay Recordkeeping Youth employment standards • Wage and Hour Division enforces FLSA with respect to private employment and other selected government employment. 1 FLSA • Minimum wage – MD: • • • • • 2015, January 1: $8 2015, July 1: $8.25 2016, July 1: $8.75 2017, July 1: $9.25 2018, July 1: $10.10 2 FLSA • Wage standards for non-exempt workers – Minimum wage of not less than $7.25 per hour – Overtime pay at a rate not less than one and onehalf times the regular rate of pay is required after 40 hours of work in a workweek • Workweek: any fixed and regularly recurring period of 168 hours – seven consecutive 24-hour period • No overtime payment for work on weekends, holidays, or regular days of rest, unless overtime is worked on such days 3 FLSA – Exempt status Salary level test • Does the employee make more than $455/wk ($23,660/yr)? • Yes: move on to the salary basis test • No: non-exempt (making less than $455/wk) • Those who make more than $100K are almost certainly exempt • New regulation effective as of December 1, 2016: $913/wk ($47,476/yr) Salary basis test • Is the employee paid on a salary basis if s/he has a “guaranteed minimum” amount of money s/he can count on receiving for any work week in which s/he performs “any” work? • Yes: move on to the job duty test • No: non-exempt (no guaranteed pay contingent on various factors) Job duties test • Does the employee perform one of the following duties? • Executive job duties • Professional job duties • Administrative job duties • Outside sales job duties • Yes: the employee is exempt • No: non-exempt • Could be in “hourly wage” form 4 FLSA • Overtime for non-exempt workers – Overtime rate • One and one-half times the regular rate of pay is required after 40 hours of work in a workweek – Regular rate • Hourly equivalent of all straight time compensation received by an employee for a week • Compensation included in regular rate – Non-discretionary bonus is included » Attendance bonus, shift differentials, promised (explicitly or implicitly) holiday or vacation bonus, etc. 5 FLSA • Overtime calculation: Employee A – Salary of $400 per week for normal 40 hour work week – Attendance bonus (non-discretionary): $200 – Holiday bonus (discretionary): $100 – Worked 55 hours in a work week – How much is total pay due? 6 FLSA • Overtime calculation: Employee B – Salary of $400 per week for normal 50 hour work week – Worked 55 hours in a work week – How much is total pay due? 7

Tutor Answer

(Top Tutor) Studypool Tutor
School: UCLA
Studypool has helped 1,244,100 students
flag Report DMCA
Similar Questions
Hot Questions
Related Tags
Study Guides

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors