has decided to increase the minimum hourly rate it pays employees to 9 this year and then 10 next year.The company's announcement will affect 65,000 Gap employees by 2017.Clearly Gap officials believe the money they invest in higher wages will pay off in increased sales and...
A machine produces 374 bolts in 33 minutes. At the same rate, how many minutes would it take to produce 272 bolts? Jill gets $1.5 her hourly rate after she works 40 hours. She worked 52 hours and earned $638. What is her hourly rate?
For example, if you use a 10-year term home equity loan to purchase a car that you own for five years, you could end up paying more interest than you would with other financing options. This is because you’re paying on the loan for a longer period than you likely would with a car...
Therefore, for an accurate comparison, you should compute the hourly cost of an employee based on the total cost (salary + benefits, taxes, etc.) divided by the number of hours in a year: 52 weeks x 40 hours/week = 2,080 hours/year. Besides, in Deloitte’s Global Outsourcing Survey,...
If you receive a job offer with an annual base salary of $48,000, that amount is distributed to you over the year in periodic installments. If your company makes monthly payroll distributions, for instance, you receive $4,000 in gross pay with every installment. If you receive semi-monthly...
How Gross Pay is Calculated Some employees’ gross pay is determined by multiplying the hours worked times the employee’s hourly pay rate. For instance, if an employee works 40 hours in the workweek and has a $25 per hour pay rate, the employee’s gross pay for the week is $1,000....
So, if someone makes $48,000 per year and is paid monthly, the gross pay will be $4,000. Pay Schedule Pay Periods Weekly 52 Bi-weekly 26 Semi-monthly 24 Monthly 12 To calculate gross pay for hourly workers, multiply the hourly rate by the hours worked during a pay period. ...
Employee hourly pay rate Hours worked Role description 3. Direct Materials Costs Direct material costs are generated by all the materials, components and other tangible elements that’ll be used for the execution of thescope of workand can be traced such as wood, concrete, cement or glass. Whe...
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