Exam 2: Computing Wages and Salaries

Workers exempt from all of the FLSA requirements include:

Time spent in training sessions is never counted as working time.

Instruction 2-1 Unless instructed otherwise, compute hourly rate and overtime rates as follows:   1. Carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places (round the hourly rate to 2 decimal places before multiplying by one and one-half to determine the overtime rate). 2. If the third decimal place is 5 or more, round to the next higher cent. 3. If the third decimal place is less than 5, drop the third decimal place. Also, use the minimum hourly wage of $7.25 in solving these problems and all that follow. Refer to Instruction 2-1 . Jose Cruz earns $2,275 each month and works 37.5 hours each week. His employer pays him overtime (for hours beyond 37.5) and uses the overtime premium approach. Cruz's overtime premium hourly rate is __________.

Under the FLSA, "mom and pop stores" are excluded from enterprise coverage.

Instruction 2-1 Unless instructed otherwise, compute hourly rate and overtime rates as follows:   1. Carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places (round the hourly rate to 2 decimal places before multiplying by one and one-half to determine the overtime rate). 2. If the third decimal place is 5 or more, round to the next higher cent. 3. If the third decimal place is less than 5, drop the third decimal place. Also, use the minimum hourly wage of $7.25 in solving these problems and all that follow. Refer to Instruction 2-1 . Kerr receives an annual $25,700 base salary for working the territory in Arizona. A quota of $900,000 in sales has been set for that state. Kerr receives an 8 percent commission on all sales in excess of $900,000. This year, the sales are $965,000. The total earnings due Kerr this year are __________.

Rest periods and coffee breaks may be required by all of the following except :

Instruction 2-1 Unless instructed otherwise, compute hourly rate and overtime rates as follows:   1. Carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places (round the hourly rate to 2 decimal places before multiplying by one and one-half to determine the overtime rate). 2. If the third decimal place is 5 or more, round to the next higher cent. 3. If the third decimal place is less than 5, drop the third decimal place. Also, use the minimum hourly wage of $7.25 in solving these problems and all that follow. Refer to  Instruction 2-1 . Jack Kenston works a 40-hour week with overtime paid at 1 times his regular rate of pay of $14.88. This week he worked 42 hours, which resulted in a gross pay of __________.

The FLSA sets no limits upon the number of hours that a 15-year-old person may work so long as the overtime pay provisions are met.

Instruction 2-1 Unless instructed otherwise, compute hourly rate and overtime rates as follows:   1. Carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places (round the hourly rate to 2 decimal places before multiplying by one and one-half to determine the overtime rate). 2. If the third decimal place is 5 or more, round to the next higher cent. 3. If the third decimal place is less than 5, drop the third decimal place. Also, use the minimum hourly wage of $7.25 in solving these problems and all that follow. Refer to Instruction 2-1 . Gates is paid a semimonthly salary of $900.00. Overtime is paid for hours beyond 40 in each workweek. One week, Gates works hours overtime. Gates' pay for this semimonthly pay period is _____.

There are some states that have a higher minimum wage rate than the federal minimum.

In January 2019, workers who receive the minimum hourly wage are paid $6.10 an hour.

Exempt professional employees are exempt from all provisions of the FLSA - minimum wages, overtime pay, and equal pay.

All employers can grant compensatory time off to employees in place of overtime pay.

An employer can credit up to $5.12 of a tipped employee's minimum wage as coming from the tips received by that employee.

One of the tests to be met for the white-collar exemption for an executive is to be paid a salary of at least $1,000 per week.

The FLSA provides for the payment of "double time" for any hours worked on holidays.

Instruction 2-2 Carry each hourly rate and each overtime rate to 3 decimal places and then round off to 2 decimal places .  Refer to Instruction 2-2. Charles Geiger is a salaried employee who works fluctuating workweeks. He is paid $1,520 per workweek. This week, he worked 50 hours. Determine Geiger's total gross pay if his employer uses the special half-rate (based on total hours worked) for overtime pay.

In calculating the overtime premium pay, the overtime hours are multiplied by one-half the regular hourly rate.

Instruction 2-1 Unless instructed otherwise, compute hourly rate and overtime rates as follows:   1. Carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places (round the hourly rate to 2 decimal places before multiplying by one and one-half to determine the overtime rate). 2. If the third decimal place is 5 or more, round to the next higher cent. 3. If the third decimal place is less than 5, drop the third decimal place. Also, use the minimum hourly wage of $7.25 in solving these problems and all that follow. Refer to Instruction 2-1 . Fall is paid a biweekly salary of $937.50. Overtime is paid for hours beyond 40 in each workweek. One week, Fall works 3 hours overtime. Fall's pay for this biweekly pay period is __________.

The FLSA requires employees to be paid for a rest period of 30 minutes or less.