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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › Guaranteed
There is a guaranteed minimum wage of $5 per hour for a 40-hour week paid for an employee
The actual hours worked is 50 hours
Sir would the guaranteed wage be $250 ?
They are guaranteed to be paid $200 per week whatever happens.
They are actually being paid $250 in this week.
Ohhh ok sir but isn’t 250 standard then because $5 is budgeted?
It is the actual amount that they are paid.
