Work Hours

Overtime
Overtime refers to the time worked by employees beyond their agreed normal working hours. For hourly or nonexempt employees, overtime is typically compensated at a higher rate, often one and one-half times their regular pay, for hours worked over 40 in a standard workweek.
Straight Time
Straight time refers to the standard time or number of work hours established for a particular work period. An employee working straight time is not being paid overtime.
Time Card
A time card (or clock card) is a tool used to record the amount of time an employee spends at work or on a particular job. It typically logs the start and end times, providing a mechanism to calculate the total elapsed time.

Accounting Terms Lexicon

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