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Showing posts with the label #MinimumWage

The QuickBooks Gal: Paying Employees For Overtime

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One of the most Frequently Asked Questions is if you have to pay an employee overtime for 8 hours in a day or over 40 hours in a week. The QuickBooks Gal has the answer! If your employee make less than one and one half times minimum wage ($12.38/$10.88) per hour, you will need to pay them for overtime for time worked over 8 hours in a 24-hour period.  If the individual makes more than one and one half times minimum wage, you need to pay them overtime for time worked over 40 hours in a week.  The only exception is if an employee agrees to work 4, 10 hour shifts. However, any deviations from the 4-10 rule could cause overtime to accrue (NRS 608.018). What is minimum wage in Nevada: Minimum wage in Nevada is 7.25 per hour with insurance $8.25 per hour without insurance

Nevada Minimum Wage

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In Nevada there have been some changes regarding Minimum wage and Payroll Rates There are now two minimum wages in Nevada.  $7.25 for those who are offered health benefits  $8.25 for all others Over Time Rules:  Non-exempt employees paid a base rate of no more than 1 1/2 x the applicable state minimum must be paid O.T. for each hour worked over 8 hours on any workday.  As July 1, 2015 you must pay daily O.T. to workers paid under $12.375 ($8.25 x 1.5) or if you provide Health Benefits, $10.875 ($7.25 x 1.5) -Dept. of Business and Industry, News Release, 3-31-15; Office of the Labor Commissioner, State of NEvada Minimum Wage and Daily Overtime 2015 Annual Bulletins, 4-1-15- Payroll Rates and bases                                   2014                                   ...