North Carolina Administrative Code (Last Updated: November 13, 2014) |
TITLE 25. STATE HUMAN RESOURCES |
CHAPTER 01. OFFICE OF STATE HUMAN RESOURCES |
SUBCHAPTER D. COMPENSATION |
25 NCAC 01D .1929. HOURLY RATE OF PAY
Latest version.
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(a) An employee's hourly rate of pay is obtained by dividing the annual salary by 2080 hours (52 weeks multiplied by 40 hours per week).
(b) The rate that must be used in computing overtime is referred to as the regular hourly rate. The regular hourly rate must include all remuneration for employment paid to, or on behalf of, the employee, except payments specifically excluded by the Federal Fair Labor Standards Act.
History Note: Authority G.S. 126‑4;
Eff. January 1, 1989;
Amended Eff. March 1, 2005.