Content Last Revised: 8/6/55 ---DISCLAIMER---

CFR	Code of Federal Regulations Pertaining to U.S. Department of Labor

Title 29

Labor

Chapter V

Wage and Hour Division, Department of Labor

Part 548

Authorization of Established Basic Rates for Computing Overtime Pay

Subpart B

Interpretations

• Section Number: 548.403
• Section Name: 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.
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    20 See Sec. 548.200.
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[20 FR 5683, Aug. 6, 1955]