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Number of regular hours worked in pay period x hourly rate

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11y ago

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An employee earns 8.25 an hour and in 30 hours what earnings has the employee made?

$247.50


How is overtime pay calculated?

Example: Employee works a total of 55 hours during the week. The employee had 40 hours of "Regular Time" (sometimes called "straight-time") and 15 hours of "Overtime."


How is retained earnings calculated?

1. If dividend paid: Retained Earnings = Net profit - dividend if dividend not paid: Retained earnings = Net profit


How is overtime pay usually calculated?

Example: Employee works a total of 55 hours during the week. The employee had 40 hours of "Regular Time" (sometimes called "straight-time") and 15 hours of "Overtime."


What is cost ratio calculated by?

Cost Ratio = expenses/earnings


What are the annual earnings for a full time employee who earns the minimum wage?

it would be $247.50


For which of the following taxes is there no ceiling on the amount of employee annual earnings subject to the tax?

celling tax


What is the Difference between gross pay and social security wages?

From the employer to the employee no difference gross pay earnings and social security wages earnings would be the same thing.


What is supernumerary earnings?

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FICA taxes are a deduction from employee earnings and are also imposed upon employers as an expense?

Yes that is correct.


When you work for regular pay.. what are you called?

Employee.


What is an employee earnings record?

It is a record of all the earnings and deductions an employee had for a specific period of time. The record has information pertaining to pay rate, paid hours, type of pay, what deductions were taken from pay such as taxes and deductions. It also contains dates of pay periods and pay dates.