When you opt to pay time and a half to an exempt employee, you need to convert that person's annual earnings to an equivalent hourly rate. From there, you calculate the time and a half rate the same as an hourly employee. When you do payroll, your payroll software should prompt you to enter the
The 1980 Depository Institutions Deregulation and Monetary Control Act allowed banks to pay interest on certain types of accounts. It removed restrictions on loan-to-value ratios for savings and loan banks. It also allowed these banks to invest in risky real estate ventures. Many of them invested their depositors' savings in the stock market without telling them. Last in, first out
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