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29 C.F.R. § 548.403   Description of method of calculation.

Title 29 - Labor

Title 29: Labor
PART 548—AUTHORIZATION OF ESTABLISHED BASIC RATES FOR COMPUTING OVERTIME PAY
Subpart B—Interpretations
Rates Authorized on Application

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§ 548.403   Description of method of calculation.

The established basic rate for which approval will be sought will normally be a formula or method of calculation of a rate rather than a specific dollars and cents rates.²⁰ The application should contain a complete description of the formula or method of calculation of the established basic rate, including any necessary examples which will enable the Administrator to understand how the rate will be computed and applied.

²⁰ See §548.200.

[20 FR 5683, Aug. 6, 1955]

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