Business Math: Calculating Overtime By Hand
Calculating overtime by hand can be risky. The Federal and State governments have set a lot of rules to ensure that employees get paid fairly for the time they work over 40 …
Calculating overtime by hand can be risky. The Federal and State governments have set a lot of rules to ensure that employees get paid fairly for the time they work over 40 …
With all the talk about raising the Federal minimum wage to $10.10 per hour, business owners are thinking about living wages and how to ensure that they are paying their employees enough …
In most restaurants across the country, servers receive the majority of tips. However, all of the restaurant’s employees are jointly responsible for the customer’s satisfaction and so most restaurants require that servers …
Understanding fixed and marginal cost is a must for small businesses. Knowing how much it will cost to produce one more item or provide one more service helps a business form a competitive …
There are several ways to calculate time off but only one of them is ideal for part-time employees or employees who work variable schedules. The by hours worked accrual rate ensures that …
To calculate interest correctly, you need to know three values: The principle amount The interest rate The amount of time (in years or fractions of a year) When you know these three …
Time can be expressed either as fractions, decimals, or as minutes and hours. In order to calculate payroll, time needs to be in decimal form so that it can be multiplied by …
When it’s time for annual performance reviews, if you plan on including pay raises, you need to know the simple math behind calculating pay increases correctly. Raises can be based on any …
Calculating sales tax is probably easier than you think. All you have to do is multiply the amount of your item or total of items by the sales tax. In order to …
Calculating PTO by hand is not a simple task. There are many rates to choose from and the calculations aren’t always intuitive. For this reason, most small business owners just end up …
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