Exam 3: Gross Pay Computation

During his first month of employment,Alix took a draw of 5% against his minimum sales amount of $15,000 in monthly sales that must be deducted from his pay during the first month that he reaches his minimum sales amount.He receives $18,000 annually in base salary plus a 5% commission on his sales.He receives his base salary on a semi-monthly basis and receives his commissions on the final pay date of each month.During his second month of employment,Alix sold $24,000 of equipment.What is Alix's gross pay for the end of the second month of employment?

Federal policy clearly differentiates between exempt and nonexempt employees.

_________________ are always exempt from FLSA provisions.

Aimee is a salaried nonexempt employee who earns an annual salary of $52,500 for a 38-hour workweek,paid biweekly.The employer pays overtime for any hours worked in excess of 38 per week.During a pay period,she worked 86 hours.She has requested that she take compensatory time in lieu of paid overtime.How much compensatory time should she receive,assuming that her firm approves the compensatory time?

Sahar earns a salary of $31,500 per year as a nonexempt employee with a 35-hour standard workweek.What is her hourly rate? (Round to the nearest cent)

The difference between the Federal minimum wage and the tipped wage involves:

To compute the hourly rate for an employee with a 40-hour standard workweek,you would divide the annual salary by 2,080.

The difference between the tipped employee minimum wage and the Federal minimum wage is called the ___________________________________.

Which of the following will not automatically exempt an employer from FLSA provisions?

Compensatory time is only Federally mandated for public salaried exempt employees.