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1. True or False : Annualizing monthly salary means diving the salary amount by 12...

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Accounting

1. True or False : Annualizing monthly salary means diving the salary amount by 12 months

2. True or False : If workers paid on a monthly basis earn overtime pay for work beyond a 40 hour week, hourly overtime rate is computed by converting the monthly salary rate to an hourly rate, and then multiply that rate by 1.5.?

3. Per FLSA, a tipped employee is one who receives ______ or more per month in tips. An employer can credit up to _______ of a tipped employee's minimum wage as coming from tips actually received.

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