5.1 Payroll - Gross Earnings (Wages and Salaries). Calculating: P = Gross Earnings (Pay) Overtime Method 1: Premium Method:. 5.1 Gross Earnings (Wages and Salaries). Method 2: Overtime earnings using time-and-a-half rate for over 8 hours of work per day: time-and-a-half rate =.
2: rate of discount (2%)
10: 2% discount is offered for 10 days
net/30: 30 days for no discount, late charge applied after 30 days