How Much Math Does It Take To Be A Machinisy How To Calculate Time And A Half Wages

You are searching about How Much Math Does It Take To Be A Machinisy, today we will share with you article about How Much Math Does It Take To Be A Machinisy was compiled and edited by our team from many sources on the internet. Hope this article on the topic How Much Math Does It Take To Be A Machinisy is useful to you.

How To Calculate Time And A Half Wages

In the United States and many other countries, there is a standard work week, usually 40 hours; if an employer wants an employee to work more than 40 hours in a given week, they must pay what is called “time and a half” wages.

Simply put, they are paid their normal wages for the first 40 hours of a work week, but once they reach 40 hours of work, they begin to be paid at a rate of time and a half, or time and time . half of his usual salary.

Assume that Sue, an office worker in Washington state, earns $15 an hour and works 55 hours in a given week. Washington requires businesses to pay workers at a “time and a half” rate if they work more than 40 hours in a given week. How much will Sue earn this week?

We know he works 55 hours; the first 40 hours are calculated at your regular rate of $15/hour, and the remaining 15 hours are calculated at “time and a half” pay, meaning: one and a half times your regular rate of $15/hour . We can enter this into the calculator: 15 times 1.5 = $22.50. Therefore, for the last 15 hours of her work week, Sue earns $22.50 an hour.

So how much does he earn in total?

For his first 40 hours, he earns $15 an hour: that’s 40 times 15, or $600.

For the last 15 hours, you earn $22.50/hour: that’s 15 times 22.50, or $337.50.

In total, therefore, you earn $600 + $337.50, or $937.50.

Notice how in the last 15 hours, Sue took almost two-thirds of the pay for her first 40 hours, so the time and a half is really worth it in Sue’s case.

Let’s go through another example: Suppose Bill works as a machinist and earns $20 an hour. If Bill works a 65-hour work week while his company delivers a large order, how much will he earn that week?

Note that Bill works his first 40 hours at $20 an hour, and the final 25 hours at the time and a half rate, 1.5 times 20, or $30 an hour.

So, in the first 40 hours, Bill earns 40 times 20 = $800.

And for the next 25 hours, Bill earns 25 times 30 = $750.

So, in total, Bill earns $800 + $750 = $1550.

Again: Bill gets almost the same amount of pay for his 25 hours of overtime as he did for his 40 hours of regular work. This is why employees love overtime and bosses hate it!

Video about How Much Math Does It Take To Be A Machinisy

You can see more content about How Much Math Does It Take To Be A Machinisy on our youtube channel: Click Here

Question about How Much Math Does It Take To Be A Machinisy

If you have any questions about How Much Math Does It Take To Be A Machinisy, please let us know, all your questions or suggestions will help us improve in the following articles!

The article How Much Math Does It Take To Be A Machinisy was compiled by me and my team from many sources. If you find the article How Much Math Does It Take To Be A Machinisy helpful to you, please support the team Like or Share!

Rate Articles How Much Math Does It Take To Be A Machinisy

Rate: 4-5 stars
Ratings: 7266
Views: 21495661

Search keywords How Much Math Does It Take To Be A Machinisy

How Much Math Does It Take To Be A Machinisy
way How Much Math Does It Take To Be A Machinisy
tutorial How Much Math Does It Take To Be A Machinisy
How Much Math Does It Take To Be A Machinisy free
#Calculate #Time #Wages

Source: https://ezinearticles.com/?How-To-Calculate-Time-And-A-Half-Wages&id=9295551

Related Posts

How Much Math Does The Average Person Need To Know Lowest GPA, Highest Dream & Suicide Plan

You are searching about How Much Math Does The Average Person Need To Know, today we will share with you article about How Much Math Does The…

How Many Questions Does The Math 3 Final Exam Have How to Cure Test Anxiety – 3 Habits You Must Break to Cure Exam Panic!

You are searching about How Many Questions Does The Math 3 Final Exam Have, today we will share with you article about How Many Questions Does The…

How Many School Allow Students Use Calculators In Math Class http://webcache.googleusercontent.com/search?q=cache:https%3A%2F%2Fezinearticles.com%2F%3FReport-Card-Comments%26id%3D3524667

You are searching about How Many School Allow Students Use Calculators In Math Class, today we will share with you article about How Many School Allow Students…

How To Ask Students To Draw A Picture For Math Three Ways to Improve Learning Readiness Through Play

You are searching about How To Ask Students To Draw A Picture For Math, today we will share with you article about How To Ask Students To…

How Much You Charge For Taking An Online Math Class Making Money Online – The New Way to Get Rich Quick

You are searching about How Much You Charge For Taking An Online Math Class, today we will share with you article about How Much You Charge For…

How Many Hours Do You Get In A Crative Math Turning a Band Into Songwriters – 10 Songs In One Hour

You are searching about How Many Hours Do You Get In A Crative Math, today we will share with you article about How Many Hours Do You…