Determine the payment of personal time off at year-end


Payment of Personal Time Off at Year-End

Response to the following problem:

Huche Company allows its employees to carry over unused personal time off (PTO) days (vacation, sick days, etc.) from year to year. In addition, employees have the option to ‘‘cash out'' their unused days at the end of the year.

John Keevens was just paid $685 for his unused PTO days. Since he is a nonexempt employee, John has questioned the amount of his last paycheck (which includes the $685). The PTO days push the paid hours over 40, and he wants to be paid for his overtime hours. What would you tell John?

 

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Financial Accounting: Determine the payment of personal time off at year-end
Reference No:- TGS02096554

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