Lucas Smith worked 43 hours during a recent week and earns regular wages of $10.10/hour. if Lucas earns overtime wages that are 1.5 times greater than his regular wages, Gross earnings = $449.45
40*$10.10) + (3*$10.10*150%) = $449.45
Wages include, but are not limited to, salaries, hourly wages, piecework, and overtime. commissions and bonuses. overtime and paid vacation. A wage type is a coding system used to define the type of payment or deduction on a payslip.
Wage-type abbreviations (up to 8 characters) appear on payslips to help recipients understand each component of gross wages and deductions. Regular wages are amounts paid regularly at a fixed rate, including but not limited to daily or weekly wages. An hourly rate can be considered regular if the same number of hours are worked in each pay period.
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