Question
1) When converting a semimonthly salary rate to an hourly rate, the payroll processor can most easily: a. annualize the salary and then divide by
1) When converting a semimonthly salary rate to an hourly rate, the payroll processor can most easily:
a. annualize the salary and then divide by 40 to get the hourly rate.
b. use the table of decimal equivalents.
c. annualize the salary and then divide by 26 to get the regular semimonthly gross.
2) . Under the Fair Labor Standards Act (FLSA), a workweek
a. must be established using a similar method for all employees.
b. consists of a period between Sunday midnight and ending Saturday midnight.
c. cannot be changed once it is established.
d. consists of a fixed and regularly recurring period of 168 hours.
3) . Yolanda is a tipped employee according to the FLSA. In one 40-hour workweek, Yolanda reports $285 of tips. Her employer may claim a tip credit of
a. $5.12/hour
b. $7.25/hour
c. $2.13/hour
d. No tip credit is allowed in this situation.
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