5-2 pay periods and hourly rates worksheet answers

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Terms in this set (9)

Direct Deposit

An automatic deposit of a paycheck without having to take a physical check to the bank.

Hourly Rate

a fixed amount of money paid for each hour of work

Regular Hours

The set number of hours that an employee is expected to work.

Overtime Hours

Working more hours than the set amount

Overtime Hourly Rate

usually greater than the hourly rate for the regular hours

Time-and-a-Half Overtime

overtime rate is 1 1/2 times the regular hourly rate

Double-Time Pay

Sometimes the overtime rate is 2 times the hourly rate

Gross Pay

Your total pay, which is the sum of your hourly pay and your overtime pay

Minimum Wage

Lowest hourly rate that can be paid to an employee in the United States

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ADVANCED MATH

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