Erica Has Worked the Following Hours at Her Job as a Waiter

question 111

Multiple Choice

Erica has worked the following hours at her job as a waiter at a local restaurant: Week One - 28 hours
Week Two - 47 hours
Week Three - 40 Hours
Week Four - 39 hours
Which of the following statements is correct?

• A)Erica is owed 7 hours of overtime pay.
• B)Erica is owed no money for overtime pay because her average hours per week are below 40.
• C)Wait staff are not entitled to overtime compensation because of their tips.
• D)Erica is owed compensation for the failure of her employer to give her the agreed-for 40 hours per week.

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Definitions:

Chart of Accounts

A systematic listing of all accounts used in the accounting system of a company, categorizing all financial transactions.

Net Income

Represents the total earnings of a company after all expenses and taxes have been deducted from revenue.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal.

Credit Column

In accounting, the column in ledgers or financial statements where credits are recorded, typically indicating a decrease in assets or an increase in liabilities.