29 C.F.R. § 548.500 Methods of computation.
Title 29 - Labor
The methods of computing overtime pay on the basic rates for piece workers, hourly rated employees, and salaried employees are the same as the methods of computing overtime pay at the regular rate. Example 1. Under an employment agreement the basic rate to be used in computing overtime compensation for a piece worker for hours of work in excess of 8 in each day is the employee's average hourly earnings for all work performed during that day.23 23 See §548.302. Example 2. An employee, who normally would come within the forty hour provision of section 7(a) of the Act, has a basic rate which is his monthly salary divided by the number of regular hours of work in the month.24 24 See §548.301. [20 FR 5683, Aug. 6, 1955, as amended at 26 FR 7732, Aug. 18, 1961]
Title 29: Labor
PART 548—AUTHORIZATION OF ESTABLISHED BASIC RATES FOR COMPUTING OVERTIME PAY
Subpart B—Interpretations
Computation of Overtime Pay
§ 548.500 Methods of computation.