Overtime rules in the United States are generally simple. According to the Fair Labor Standards Act, non-exempt employees who work over 40 hours a week earn 1.5x their normal rate of …
Knowing the cost of your travels, whether for work or personal reasons, is very important. Some people focus mainly on the federal reimbursement rates to gauge how much their remuneration …
Pay cuts aren’t ideal; however, they’re sometimes the only option when an employer faces difficult economic periods. As the coronavirus takes its toll on the economy, many employers have had …
A full-time equivalent (FTE) calculation is normally used as a way to analyze an industry or to measure an employee headcount for projects, profits, or revenues. It’s also incredibly useful …
A paid time off (PTO) payout is compensation for earned time off that an employer must pay employees when they leave their jobs. Although the FLSA doesn’t require business owners …
Every so often it’s time to give your employees raises. When and how you give those raises is entirely dependent on you. You have the choice to give raises by …
Many businesses have employees that get paid multiple pay rates during their shift. This happens when they perform more than one specific job function. For those employees, the hourly rate …
Calculating mileage reimbursement starts by knowing when you actually need to reimburse your employees. Although many employers think that they have to pay for mileage , the federal Government does …
Calculating the sale price of an item is one of the few math problems that most people will actually use after high school. Nevertheless, many of us don’t know how …
Markup is the percent of increase in selling price from the original cost. Companies mark up products they sell in order to make money for their business. How much they …
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