Business Math: How and When to Calculate PTO Payouts
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 to give …
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 to give …
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 a percentage …
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 depends on …
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 not require …
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 to do …
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 mark up …
When a clerk grabs the change due from the cash register and plops it in your hand, you would have to do some pretty quick math to know you got the right …
When most people think average, they are thinking of a specific type of average called the arithmetic mean. But there are actually three different types of averages: the mean, median, and mode.
Return on investment is a performance measure used to evaluate the value of an investment. ROI is a straight forward concept and it doesn’t take complicated math to calculate it.
There are a few problems relating to percents that anybody might come across in everyday life and want to solve. I am going to show you how to solve a few of …
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