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Hi Mr. John,
Can you explain to me the statement “overtime paid at time-and-a quarter”? Thank you so much.
If the normal rate of pay is $10 per hour, then it means that overtime is paid at the rate of 10 + (1/4 x 10) = $12.50 per hour.
Have you watched my free lectures on accounting for labour? The lectures are a complete free course for Paper MA and cover everything needed to be able to pass the exam well.
Your example is perfect, thank you a lot Mr.John ^^
You are welcome 🙂