How To Calculate Overtime Pay 2024 Update
For example, California requires time-and-a-half or double-time pay based on hours worked, with some exceptions. For example, if you are paid double time and your regular hourly rate is $12.55/hour, the double-time rate would be $25.10/hour. When an employee is entitled to overtime pay, the rate cannot be less than one and a half times (time […]
What Is Opening and Closing Balance?
With this info, you’ll be confident about what to do at the start or end of your financial period. The closing balance is the amount remaining in an account at the end of an accounting period. Again, this can be a debit or credit (a positive or a minus), after recording all of the transactions […]